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merit rating

A rating plan most often used in personal automobile insurance. Under this plan, the insured's premium amount is dictated by the insured's loss record.

Related information about merit rating:
  1. Merit Rating Board - MassDOT RMV
    The Merit Rating Board (MRB) maintains operator driving records consisting of traffic law violations, at-fault and comprehensive insurance claim records, and ...
     
  2. What is merit rating? definition and meaning
    Definition of merit rating: Insurance: Computing premium on a policy (such as for auto insurance) on the basis of an insured's loss record.
     
  3. Merit Rating: Definition from Answers.com
    1. employee rating achieved through a periodic employee evaluation system, often used as the basis for pay increases and/or promotion.
     
  4. Merit rating - Merriam-Webster Online
    computation of an insurance premium for a particular risk on the basis of its individual loss-causing characteristics — see experience rating. 2. : the rating of an ...
     
  5. Experience Rating (Merit Rating)
    Experience Rating (Merit Rating). The primary purpose of the Merit Rating Unit is to charge or non charge employer accounts for benefits paid, produce ...
     
  6. WCRIBMA :: Helpful Information - Merit Rating Program
    A risk shall be eligible for the Merit Rating Program if it has an average Subject Premium over the last three policy years of $500 or more, unless the risk is ...
     
  7. Merit Rating in Private Passenger Automobile Liability Insurance
    For a great many years individual automobile risk merit rating has existed in various ... They report that New York State used a merit rating plan in 1929. This was ...
     
  8. Massachusetts Private Passenger Automobile Statistical Plan ...
    The merit rating statistical record shall contain only surcharge or credit premium. ... However, if a company's approved merit rating plan results in the inability to ...