manual rate

manual rate

An insurance premium rate that is based on average claims data for a large number of groups, which is then adjusted for specific groups based on that group’s characteristics (e.g., type of industry, changes in benefits from the standard, etc.).
References in periodicals archive ?
Kigo's new software will soon be able to make real-time adjustments to rental rates based on seasonality and market shifts, helping managers increase revenue, simplify the management of multiple rates, and remove the daily redundancy of manual rate management.
The hightech escapement has no regulator; the rate is set at the factory with a laser, making the manual rate adjustments normally required by a mechanical watch unnecessary.
Today a few companies use predictive modeling to look at correlations and interdependencies between these variables and other plan design features to revamp and refine their manual rate basis and identify profitable and unprofitable groups.
So although the manual rate for this provision is an additional 5 percent, an additional "price" is for the insured to meet the agreed value requirement or else face a potentially significant penalty at claim time.
The advisory committee was charged, among other things, with reporting on the "Overall Effect of Competitive Rating on Workers' Compensation Manual Rate Levels.
When this occurs, the proposed insured can benefit by having a manual rate of Table 5 or Table 6 offered with a standard non-smoker policy.
The automated system will enable a single operator to run up to 96 RNA samples at a time, compared to the current manual rate of 20 to 24 samples.
Firefighters have been paid a manual rate for the job since 1977, but there have been massive changes in what we do over the years, and it is not reflected in pay levels.
The prototype makes mine-clearing a much easier task as it can cover 100 square metres a second compared with a manual rate of just 40 metres per day.
General modes of operation are standby, manual position, manual rate (slew), designate (point), remote, stow, search (scan), slave and synchro slave.
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