Swing plans

{
  "id": "MLC-T-INS-003263",
  "term": "Swing plans",
  "field": "Insurance and risk management",
  "definition": "A type of insurance program where the premium adjusts retrospectively based on the actual loss experience of the insured during the policy period. The initial premium is an estimate, and a final premium is calculated after the policy term ends, often with a minimum and maximum premium cap. This structure offers a balance between guaranteed cost and self-insurance.",
  "url": "https://mlchart.com/terminology/insurance/swing-plans/"
}