Home > Glossary

Flat Rate

Definition

(1) A fixed rate not subject to adjustment, regardless of loss experience or changes in exposure during the term of coverage. (2) In reinsurance, a percentage rate applied to a ceding company's premium writings for the classes of business reinsured to determine the reinsurance premiums to be paid the reinsurer.

Related Products

Beacon Hill sidebar
Captive Wire Freemium sidebar
AgriCon-Banner-(728x90) (002)

Navigation

Social Media

User ID: Subscriber Status:Free