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:
- 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 ...
- 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.
- 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.
- 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 ...
- 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 ...
- 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 ...
- 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 ...
- 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 ...