What Does RC Mean?

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

RC

RC

A risk class, in the context of insurance, is a group of either companies or individuals that share various traits. This group provides information to the insurance company that is important to the decision-making process when it comes to the approval of policies.

We hope the you have a better understanding of the meaning of RC.

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