Loss sensitive plans

Term · Insurance and risk management · MLC-T-INS-002092

Insurance programs where the final premium paid by the insured is directly influenced by their actual loss experience during the policy period. These plans, such as large deductibles, retrospective rating, or self-insured retention, allow the insured to retain a greater portion of the risk. They incentivize effective loss control and can result in lower overall insurance costs for organizations with favorable claims histories.

Table 1. Record
Identifier	MLC-T-INS-002092
Field	Insurance and risk management

Record as JSON

{
  "id": "MLC-T-INS-002092",
  "term": "Loss sensitive plans",
  "field": "Insurance and risk management",
  "definition": "Insurance programs where the final premium paid by the insured is directly influenced by their actual loss experience during the policy period. These plans, such as large deductibles, retrospective rating, or self-insured retention, allow the insured to retain a greater portion of the risk. They incentivize effective loss control and can result in lower overall insurance costs for organizations with favorable claims histories.",
  "url": "https://mlchart.com/terminology/insurance/loss-sensitive-plans/"
}

Record 2,027 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.