Rated policy

{
  "id": "MLC-T-INS-002799",
  "term": "Rated policy",
  "field": "Insurance and risk management",
  "definition": "An insurance policy issued to an individual or entity that presents a higher-than-average risk, resulting in a premium that is higher than the standard rate for similar coverage. This increased premium compensates the insurer for the elevated likelihood of a claim. The rating may be due to health conditions, hazardous occupations, or other specific risk factors.",
  "url": "https://mlchart.com/terminology/insurance/rated-policy/"
}