Benchmark Rate(s) Definition:
Meaning of Benchmark Rate(s): Rates are set each year by the Insurance Commissioner and are used by regulated insurance companies to compare rates. Insurers who are subject to a rate of 30 above or below the benchmark can use it immediately after an application without approval. Companies wishing to set prices beyond this limit must obtain prior approval from the Commissioner.
Literal Meanings of Benchmark Rate(s)
Meanings of Benchmark:
Standards or references for comparing or judging something.
A lifting mark that is cut on a wall, pillar or building and used as a reference point for measuring height.
Rate or check (something) against the standard.
Sentences of Benchmark
A landmark is a topographic marker with a place on the monument whose location and height are known and becomes a point of view for the survey.
We compare our performance with external quality
Synonyms of Benchmark
norm, litmus test, indicator, barometer, paradigm, point of reference, yardstick, gauge, standard, guide, model, exemplar, criterion, prototype, archetype, convention, ideal, measure, basis, specification, canon
Meanings of Rate:
Size, quantity, or frequency are usually measured in terms of another quantity or measure.
Pay a fixed price or charge something for something, especially good or service.
Sentences of Rate
They were asked to assess their abilities in various driving exercises
Synonyms of Rate
reckon to be, estimate, weigh up, consider to be, hold to be, think to be, adjudge, outlay, compute, measure, gauge, charge, evaluate, cost, find to be, put a value on, judge to be, deem to be, fare, judge, calculate, assess, value, figure
Meanings of S:
Part (of an action)
(No tradition) Baby (children)
Zero refers to electrons and orbits with angular velocity and perfect balance.
Distance (in mathematical formulas).
The 19th letter of the alphabet
Farm like a capital s.
(Especially in Catholic usage)
Small (such as clothing size).
South or south