Bureau Rate

A standard price per unit of insurance set by a state's insurance rating bureau, the association of all the insurance companies authorized to write particular kinds of insurance in that state. The different insurance companies in the state combine their data on claims and losses to improve the statistical soundness of insurance rates.

An insurance company may choose to charge a lower rate than the bureau rate. An example of how it might choose to charge a lower rate would be a persistency discount, or a discount given to a customer for keeping a policy in force with the same insurer for a particular number of years. Insurers also have the option to file for deviated rates, which must be first approved by their state's insurance department.


Investment dictionary. . 2012.

Look at other dictionaries:

  • Bureau de change — A bureau de change is an organisation or facility which allows customers to exchange one currency for another. Although French in origin, the term is widely used throughout Europe, so that visitors can easily identify such facilities when abroad …   Wikipedia

  • Bureau of Corrections (Philippines) — Infobox generic style0 = class= infobox border= 1 cellpadding= 4 style= float: right; margin: 0 0 1em 1em; width: 25em; border collapse: collapse; font size: 95%; clear: right; name = Bureau of Corrections Kawanihan ng Koreksiyon img1 =… …   Wikipedia

  • Bureau Junction, Illinois — Geobox|Settlement name = Bureau Junction native name = other name = Bureau category = Village etymology = official name = motto = nickname = image caption = symbol = country = United States state = Illinois region = Bureau region type = County… …   Wikipedia

  • Bureau of Inverse Technology — The Bureau of Inverse Technology [bit and sometimes BIT] is an organisation of artist engineers whose stated aim is to be an [http://www.bureauit.org/bitindex.html information agency servicing the Information Age] . Bureau engineers, so called… …   Wikipedia

  • Bureau of Labor Statistics — The Bureau of Labor Statistics (BLS), a unit of the United States Department of Labor, is the principal fact finding agency for the U.S. government in the broad field of labor economics and statistics. The BLS is an independent national… …   Wikipedia

  • Bureau of Clinician Recruitment and Service — The Bureau of Clinician and Recruitment Service (BCRS) is a part of the Health Resources and Services Administration (HRSA), of the United States Department of Health and Human Services. BCRS improves the health of the Nation s underserved… …   Wikipedia

  • Bureau Of Labor Statistics - BLS — A government agency that produces economic data that reflects the state of the U.S. economy. This data includes the Consumer Price Index, the unemployment rate and the Producer Price Index. This arm of the U.S. Department of Labor researches and… …   Investment dictionary

  • List of countries by intentional homicide rate — See also: List of countries by intentional homicide rate to 1999 List of countries by intentional homicide rate per year per 100,000 inhabitants for the years from 2000 onwards. The reliability of underlying national murder rate data may vary.[1] …   Wikipedia

  • Exchange rate — Foreign exchange Exchange rates Currency band Exchange rate Exchange rate regime Exchange rate flexibility Dollarization Fixed exchange rate Floating exchange rate Linked exchange rate Managed float regime Markets Foreign exchange market Futures… …   Wikipedia

  • Premium-rate telephone number — Premium rate telephone numbers are telephone numbers for telephone calls during which certain services are provided, and for which prices higher than normal are charged. Unlike a normal call, part of the call charge is paid to the service… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.