Experience Rating (loss Or Merit Rating)

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)

Experience:

Meanings of Experience:
  1. Practical communication and observation of facts or events.

  2. Encounter or inconvenience (event or incident)

Sentences of Experience
  1. He learned his lesson from painful experiences

  2. 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

Rating:

Meanings of Rating:
  1. Evaluation or evaluation based on the quality, quality or performance of a person or thing.

  2. Severe reprimand

Sentences of Rating
  1. The hotel has regained its five star rating

Synonyms of Rating

grade, classification, class, grading, ranking, rank, category, categorization, designation, position, standing, status, placing

Loss:

Meanings of Loss:
  1. The fact or action of losing someone else.

Sentences of Loss
  1. Don't waste your time

Synonyms of Loss

mislaying, misplacement, dropping, forgetting, overlooking

Or:

Meanings of Or:
  1. Used to add alternatives.

  2. Offering synonyms or explaining previous words or phrases.

  3. If not (represents the consequences of not doing or not doing)

  4. Usually in the form of a question, provide a reflection.

  5. This

  6. A boolean operator that returns one or more of the operas (or inputs) and otherwise zero.

  7. Heraldic texture as golden or yellow.

  8. Operational research.

  9. Oregon (in postal use)

Sentences of Or
  1. A cup of tea or coffee

  2. Spy novel or, as the trade is known, suspension

  3. Hurry up or you will lose everything

  4. John's indifference, right? - He got confused

  5. The only way to know God or human beings is through love

Synonyms of Or

or else, or, if not

Merit:

Meanings of Merit:
  1. The quality of being good or worthy is especially worthy of praise or respect.

  2. Earn or qualify (something, especially a reward, punishment or attention)

Sentences of Merit
  1. Great value composer

  2. 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