Tabular Interest Rate
Definition of "Tabular interest rate"
Same as term Tabular Plans: retrospective rating system with basic, minimum, and maximum premium rates listed in manual tables. Calculation of an individual premium involves adjusting the basic premium for appropriate discounts, losses, and a tax multiplier. The rate is then set between the minimum and the maximum, based on the loss experience, the size of the risk, and the underwriter's judgment.
Popular Insurance Terms
Dollar ceiling on a life insurance policy for applicants who are not given a medical examination. The insurer accepts a health questionnaire in the place of a physical examination. At one ...
Flat dollar amount added to arrive (premium rate per $1000 of face amount x face amount) at the premium. ...
Organization formed to encourage research in insurance and to foster an exchange of ideas and research methodology among the society members. ...
Principle that no liability exposure can result from the performance of proprietary functions. ...
Organization having as its objective the education of the general public concerning items of national concern of member property and casualty insurance companies. ...
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Management of investment risks associated with business risk, interest rate risk, political risk, and purchasing power risk. Usually fixed income financial instruments, such as fixed dollar ...
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