by Bouzaglou » Sat Nov 06, 2010 05:33 am
Anybody able to lead me to the health classes table so that I could see what is the diiference between a Standard and a standard premium or even better what is a standard Table D?
Posted: Sat Nov 06, 2010 10:45 pm Post Subject:
Tabular ratings in life insurance are typically +25% of the base premium as published in the standard rate manual. Health insurance sort of follows the same mechanism, except that insurers instead publish up to 7 or 8 "tiers", each of which is some more expensive than the preceding one. It means the same thing as a "substandard" rating, but is a kinder, gentler way of stating the fact.
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