What Does Paid Loss Retrospective Rating Plan Mean?

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

Paid Loss Retrospective Rating Plan

Paid Loss Retrospective Rating Plan

An insurance cash flow plan that allows the insured to hold loss reserves until they are paid out in claims. Used most frequently with workers compensation and general liability lines.

We hope the you have a better understanding of the meaning of Paid Loss Retrospective Rating Plan.

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