What Does Flat Rate Mean?

Free Business Insurance Quote Click Here
What does Flat Rate mean? Read on to discover the definition & meaning of the term Flat Rate - to help you better understand the language used in insurance policies.

Flat Rate

Flat Rate

(1) A fixed rate not subject to adjustment, regardless of loss experience or changes in exposure during the term of coverage. (2) In reinsurance, a percentage rate applied to a ceding company's premium writings for the classes of business reinsured to determine the reinsurance premiums to be paid the reinsurer.

We hope the you have a better understanding of the meaning of Flat Rate.

A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z


Free Business Insurance Quote Click Here