Home > Glossary

Residual Market Load

Residual Market Load (RML)

Definition

A factor insurers apply to workers compensation policies to recover costs assessed them by states for deficits in the residual markets. It is left to the individual insurer to determine how and whether this cost will be passed on to its policyholders. The most common application is as a cost component included in a retrospective rating plan.

Related Products

Navigation

Social Media

User ID: Subscriber Status:Free