Boards and bureaus

{
  "id": "MLC-T-INS-000580",
  "term": "Boards and bureaus",
  "field": "Insurance and risk management",
  "definition": "Organizations that collect and analyze insurance statistics, develop standardized policy forms, and calculate loss costs or advisory premium rates for specific lines of insurance. Insurers use this data to develop their own rates and underwriting guidelines, promoting consistency and solvency within the industry. Prominent examples in the United States include the Insurance Services Office (ISO) and the National Council on Compensation Insurance (NCCI).",
  "url": "https://mlchart.com/terminology/insurance/boards-and-bureaus/"
}