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Retrospective Rating

Retrospective rating is the practice of changing an initial premium based on actual losses incurred. The initial premium for a retrospectively rated policy is given based on an estimate, with the agreement that it will subsequently be adjusted based on the losses experienced during the policy... View Full Term
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Noi Kareerat

Helping you navigate the world of insurance by bringing you expert advice and all the current information you need to make the best insurance decisions for you, your family and your business.