MLchartDataset catalogue

Nonratable elements

Term · Insurance and risk management · MLC-T-INS-002355

Components of an insurance premium that are not subject to rate adjustments or calculations based on actuarial data for risk assessment. These elements often include taxes, fees, or surcharges imposed by regulatory bodies or government entities. They are added to the calculated premium and remain constant regardless of the insured's specific risk profile.

Table 1. Record
IdentifierMLC-T-INS-002355
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-002355",
  "term": "Nonratable elements",
  "field": "Insurance and risk management",
  "definition": "Components of an insurance premium that are not subject to rate adjustments or calculations based on actuarial data for risk assessment. These elements often include taxes, fees, or surcharges imposed by regulatory bodies or government entities. They are added to the calculated premium and remain constant regardless of the insured's specific risk profile.",
  "url": "https://mlchart.com/terminology/insurance/nonratable-elements/"
}

Record 2,332 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.