MLchartDataset catalogue

Specific rating

Term · Insurance and risk management · MLC-T-INS-003135

A method of determining an insurance premium for a particular risk by individually evaluating its unique characteristics, rather than applying a standard class rate. This approach is used for risks that are unusual, large, or have distinct features affecting their hazard. It is common for large commercial properties or complex liability exposures.

Table 1. Record
IdentifierMLC-T-INS-003135
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-003135",
  "term": "Specific rating",
  "field": "Insurance and risk management",
  "definition": "A method of determining an insurance premium for a particular risk by individually evaluating its unique characteristics, rather than applying a standard class rate. This approach is used for risks that are unusual, large, or have distinct features affecting their hazard. It is common for large commercial properties or complex liability exposures.",
  "url": "https://mlchart.com/terminology/insurance/specific-rating/"
}

Record 3,175 of 3,682 in Insurance and risk management terminology (MLC-0106). Request the full dataset.