What Does Rating Methodology Mean?

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

Rating Methodology

Rating Methodology

The method used by an underwriter when calculating premiums. Principal methods are manual, experience (retrospective or prospective), burning cost, or judgment.

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

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