Manual premium

Term · Insurance and risk management · MLC-T-INS-002118

The premium calculated for an insurance policy based on standard rates published in an insurer's rate manual, before any individual risk adjustments, discounts, or experience modifications are applied. These rates are typically determined by factors such as the insured's classification, location, and coverage limits. It serves as the baseline for pricing many types of insurance policies.

Table 1. Record
Identifier	MLC-T-INS-002118
Field	Insurance and risk management

Record as JSON

{
  "id": "MLC-T-INS-002118",
  "term": "Manual premium",
  "field": "Insurance and risk management",
  "definition": "The premium calculated for an insurance policy based on standard rates published in an insurer's rate manual, before any individual risk adjustments, discounts, or experience modifications are applied. These rates are typically determined by factors such as the insured's classification, location, and coverage limits. It serves as the baseline for pricing many types of insurance policies.",
  "url": "https://mlchart.com/terminology/insurance/manual-premium/"
}

Record 2,067 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.