What Does Holding Power Formula Mean?
What does Holding Power Formula mean? Read on to discover the definition & meaning of the term Holding Power Formula - to help you better understand the language used in insurance policies.
Holding Power Formula
A formula indicating the maximum dollar amount of incurred losses that can be sustained under a specific retrospective rating plan without triggering additional premiums at any adjustment period.
We hope the you have a better understanding of the meaning of Holding Power Formula.
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