Interstate experience rating

{
  "id": "MLC-T-INS-001909",
  "term": "Interstate experience rating",
  "field": "Insurance and risk management",
  "definition": "A method of adjusting an insurance premium based on the past loss experience of an insured entity that operates in multiple states. This rating approach considers the combined loss data from all states where the insured has operations, rather than evaluating each state's experience separately. It provides a unified premium modification for businesses with a multi-state presence, often applied in workers' compensation insurance.",
  "url": "https://mlchart.com/terminology/insurance/interstate-experience-rating/"
}