Experience

A termThe time period by the end of which a debt must be fully repaid. Also refers to the maturity period used to describe the relationship, usually expressed as a percent or ratio, of premiumThe sum paid by a policyholder to keep an insurance policy in force to claims for a planA debtor's detailed description of how the debtor proposes to pay creditors' claims over a fixed period of time., coverageThe scope of protection provided under a contract of insurance; any of several risks covered by a policy., or benefitsThe amount payable by the insurance company to a claimant, assignee or beneficiary under each coverage for a stated time period.

Experience

Refers to the history of actual claims paidThis is the amount of tax posted as paid for the year in question, either in installment payments or for the contractThe formal legal document, also known as the "policy" that describes the agreement between the policyholder period (see Paid ClaimsThe total claims payment made by the plan or insurance company. It does not include any employee cost) or can refer to the history of claims incurred during a contract period.

Experience

The lossThe occurrence of the event for which insurance pays. record of an insuredThe policyholder - the person(s) protected in case of a loss or claim. personAn individual, corporation, partnership, Limited Liability Company or other legal entity. (REF CGS §38a-1(14))., a class of coverageThe scope of protection provided under a contract of insurance; any of several risks covered by a policy. (such as auto or homeowner insuranceAn elective combination of coverages for the risks of owning a home. Can include losses due to fire,), or an insurance companyAn insurance company must be licensed by the Department of Insurance to sell health insurance. The insurer's loss experience (the total number of claims).

Experience

The record of claims madeA liability policy that provides coverage for an injury or loss if the claim is first reported or filed or paidThis is the amount of tax posted as paid for the year in question, either in installment payments or within a specified time period.