Experience rating definition

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Definition

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  1. Use experience rating in a sentence

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  1. experience rating

Experience Rating Definition As respects workers compensation, the method in which the actual loss experience of the insured is compared to the loss experience that is normally expected by other risks in the insured's rating class. Experience rating definition is - merit rating (as in a state unemployment compensation system) that consists of the manual rate modified by the loss experience of the particular risk.

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