MLchartDataset catalogue

Flat rate

Term · Insurance and risk management · MLC-T-INS-001544

A uniform premium charge applied to all insureds within a specific group or for a particular type of coverage, without individual rating adjustments based on risk factors. This rate does not vary with the amount of coverage purchased or the individual characteristics of the insured. It is often used for small policies or specific endorsements.

Table 1. Record
IdentifierMLC-T-INS-001544
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-001544",
  "term": "Flat rate",
  "field": "Insurance and risk management",
  "definition": "A uniform premium charge applied to all insureds within a specific group or for a particular type of coverage, without individual rating adjustments based on risk factors. This rate does not vary with the amount of coverage purchased or the individual characteristics of the insured. It is often used for small policies or specific endorsements.",
  "url": "https://mlchart.com/terminology/insurance/flat-rate/"
}

Record 1,424 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.