Experience Modification

Experience Modification,

How Do You Define Experience Modification?

  1. Definition of Experience Modification: The actual process by which the factor formed from the event value applies to the policyholder's premium.

Literal Meanings of Experience Modification

Experience:

Meanings of Experience:
  1. Learn or distress (an event or events)

  2. Practical communication and observation of facts or events.

Sentences of Experience
  1. The company is in trouble

  2. He learned his lesson from painful experiences

Synonyms of Experience

come into contact with, run into, face, encounter, be faced with, come across, have experience of, come up against, confront, undergo, be forced to contend with, meet, involvement in, participation in

Modification:

Meanings of Modification:
  1. The process changes something.

Sentences of Modification
  1. There should be little or no change in the supplied parts.

Synonyms of Modification

moderation, tempering, diminishing, qualification, lessening, abatement, mitigation, softening, decrease, reduction, lowering, restriction

Experience Modification,

Experience Modification: What is the Meaning of Experience Modification?

  1. The actual process by which the factor arising from the cost of the incident applies to the policyholder's premium.

Literal Meanings of Experience Modification

Experience:

Meanings of Experience:
  1. Events or events that affect someone.

  2. Learn or Move (an event or events)

Sentences of Experience
  1. Listening one day is an exciting experience for all seven year olds.

Synonyms of Experience

try, affair, sustain, become familiar with, feel, conversance with, familiarity with, insight into, case, live/go through, suffer, endure, occurrence, escapade, test, trial, participate in, know, acquaintance with, exploit, event, impression of, exposure to, awareness of, understanding of, tolerate, taste, happening, incident, adventure

Modification:

Meanings of Modification:
  1. The process of changing something.

Sentences of Modification
  1. There should be little or no change in the parts provided.