GLOSSARY
This Insurance Glossary of Terms is produced and maintained by the National Alliance Research Academy. 
If you have a comment, suggestion or question please contact us at glossary@scic.com

Experience Rating

A rating that considers the individual loss experience of a particular insured. It applies loss experience to the present policy year. Describes any plan that uses the past loss experience and exposure levels of the individual risk as a basis of determining premiums.

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Welcome To the Alliance!

The National Alliance for Insurance Education & Research is now the Risk & Insurance Education Alliance, or simply “The Alliance”.  For more details, please read our Press Release.