What Does Flex Rating Mean?

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What does Flex Rating mean? Read on to discover the definition & meaning of the term Flex Rating - to help you better understand the language used in insurance policies.

Flex Rating

Flex Rating

A hybrid between "file and use" and "use and file" regulations. In flex rating states, insurance carriers file a rate "range." Rates can go up or down within that range without prior approval.

We hope the you have a better understanding of the meaning of Flex Rating.

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