Meaning Benchmark rate(s)
What does Benchmark rate(s) mean? Below you find one meaning for the word Benchmark rate(s) You can also add a definition of Benchmark rate(s) yourself
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Benchmark rate(s)The rates set annually by the Commissioner of Insurance that rate-regulated insurance companies use to reference their rates. Rate-regulated insurance companies filing rates within a range of 30 percent above or below the benchmarks may use them immediately upon filing without prior approval. A company that wants to set its rates outside this range [..]
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