Experience Rating (loss Or Merit Rating),
How To Define Experience Rating (loss Or Merit Rating)?
An assessment method in which rates are based on the insurer's own experience, not on industry statistics or rates in terms of subscription category. See also potential rating frustration.
Literal Meanings of Experience Rating (loss Or Merit Rating)
Meanings of Experience:
Practical communication and observation of facts or events.
Encounter or inconvenience (event or incident)
Sentences of Experience
He learned his lesson from painful experiences
The company is in trouble
Synonyms of Experience
involvement in, participation in, undergo, encounter, meet, have experience of, come into contact with, run into, come across, come up against, face, be faced with, confront, be forced to contend with
Meanings of Rating:
Evaluation or evaluation based on the quality, quality or performance of a person or thing.
Sentences of Rating
The hotel has regained its five star rating
Synonyms of Rating
grade, classification, class, grading, ranking, rank, category, categorization, designation, position, standing, status, placing
Meanings of Loss:
The fact or action of losing someone else.
Sentences of Loss
Don't waste your time
Synonyms of Loss
mislaying, misplacement, dropping, forgetting, overlooking
Meanings of Or:
Used to add alternatives.
Offering synonyms or explaining previous words or phrases.
If not (represents the consequences of not doing or not doing)
Usually in the form of a question, provide a reflection.
A boolean operator that returns one or more of the operas (or inputs) and otherwise zero.
Heraldic texture as golden or yellow.
Oregon (in postal use)
Sentences of Or
A cup of tea or coffee
Spy novel or, as the trade is known, suspension
Hurry up or you will lose everything
John's indifference, right? - He got confused
The only way to know God or human beings is through love
Synonyms of Or
or else, or, if not
Meanings of Merit:
The quality of being good or worthy is especially worthy of praise or respect.
Earn or qualify (something, especially a reward, punishment or attention)
Sentences of Merit
Great value composer
The results are encouraging to guarantee further investigation
Synonyms of Merit
excellence, goodness, standard, quality, level, grade, high quality, calibre, worth, good, credit, eminence, worthiness, value, virtue, distinction, account, deservingness, meritoriousness, deserve, earn, be deserving of, warrant, rate