gross receipts or mileage
A method of rating automobile liability insurance using the exposure base of gross receipts or mileage rather than the number of vehicles.
gross receipts or mileage
A method of rating automobile liability insurance using the exposure base of gross receipts or mileage rather than the number of vehicles.
Additional Information
This rating basis may be used for rating taxis, buses, and other public automobiles. It is also sometimes used in the composite rating of truckers.
Synonyms
rating basis
