flat rate
A flat rate is a fixed rate not subject to adjustment, regardless of loss experience or changes in exposure during the term of coverage.
flat rate
A flat rate is a fixed rate not subject to adjustment, regardless of loss experience or changes in exposure during the term of coverage.
Additional Information
In reinsurance, this is 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 to the reinsurer.
