composite rated policies

What is composite rate? definition and meaning - BusinessDictionary

Definition of composite rate: Average rate weighted to account for, or reflect, the different degree of importance of different component factors. Dictionary Term of Day Articles Subjects Sign Up BusinessDictionary Business Dictionary Dictionary Toggle navigation ... [ Chat Online + ]

Composite Rate Definition Investopedia

A composite rate is an insurance premium based on the average risk profile of a group rather than an individual policyholder. ... An insurance company will approach the setting of a composite rate differently than they do for individual policies. [ Chat Online + ]

What is a composite rating in insurance? Experts123

The composite rating is used as a streamlined method of determining the premium cost of an insurance policy. Instead of assigning a rate to each risk insured on the policy, a single rate is used for all risks.Class CodesInsurance policy premiums are based upon the ... [ Chat Online + ]

What is Composite Rate? definition and meaning

Definition of composite rate: A single rate for which the insured is covered against a variety of perils. This is done in order to make it easier to... ... When i purchased my house from the bank, i had my attorney put in a clause for a composite rate to insure that i ... [ Chat Online + ]

Composite Rated Auto Policy QACollections

Why is Grand Theft Auto Vice City rated Mature? "Grand Theft Auto: Vice City" takes place in the 1980s in a metropolis resembling Miami. Players take on the role of Tommy Vercetti, ... [ Chat Online + ]

Composite Ratings Definition List - FDIC: Federal Deposit Insurance Corporation

Information Technology (IT) Examination Composite Ratings Rating Rating Definition One (1) Financial institutions and service providers rated composite ``1'' exhibit strong performance in every respect and generally have components rated 1 or 2. Weaknesses in IT ... [ Chat Online + ]

What Is Composite Rating in Insurance? Pocket Sense

Employer-Provided Health Insurance Employer policies are sometimes composite-rated. That way, the employer pays a set flat rate across its work force. Eliminating age rating allows employers to have a better handle on their health care costs because adding a 25 ... [ Chat Online + ]

What Is a Composite Rate? - wiseGEEK: clear answers for common questions

In adulthood, the number of fat cells in the body stays constant, but they grow or shrink with diet and exercise. more... A composite rate is a type of pricing strategy that is often utilized in the preparation of insurance policies. With this type of pricing arrangement, attention is given to the [ Chat Online + ]

What is composite rated Auto Liability insurance?

how is the audit calculated on a composite rated policy. ... Most of the auto insurance packages come with liability insurance included, since it is usually required by the law. The main purpose of the liability insurance is to provide compensation in case of an ... [ Chat Online + ]

What is a composite rate in general liability insurance?

This is a rate established at the beginning of a policy period. It is a rate based on the average of the same type of classes or work-such as all. [ Chat Online + ]

New Guidance on Composite Rating - Health Partners AmericaHealth Partners America

In the December 2nd proposed rule on payment parameters for 2015, HHS also provided some clarification on composite rating. They begin by pointing out that the February 27, 2013 Market Rules generally directed that issuers calculate a separate premium for ... [ Chat Online + ]

Composite Rate - Definition of the Insurance Term Composite Rate

Composite Rate - (1) One rate for all members of the group regardless of their status as single or members of a family. (2) A single rate with a single basis of premium, e.g ... [ Chat Online + ]