open rating
Open rating is a pricing regulation approach associated with workers compensation premium costs in which state regulators allow insurers to issue policies using rates other than those established by the managing rating bureau.
open rating
Open rating is a pricing regulation approach associated with workers compensation premium costs in which state regulators allow insurers to issue policies using rates other than those established by the managing rating bureau.
Additional Information
Types of variances include the use of rate deviations and the promulgation of rates by the insurers.
