loss ratio


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loss ratio

n.
The ratio between the premiums paid to an insurance company and the claims settled by the company.
American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

loss ratio

n
(Insurance) the ratio of the annual losses sustained to the premiums received by an insurance company
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014

loss′ ra`tio


n.
the ratio of the losses paid by an insurer to premiums earned for a given period.
[1925–30]
Random House Kernerman Webster's College Dictionary, © 2010 K Dictionaries Ltd. Copyright 2005, 1997, 1991 by Random House, Inc. All rights reserved.
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.loss ratio - the ratio of the annual claims paid by an insurance company to the premiums received
ratio - the relative magnitudes of two quantities (usually expressed as a quotient)
Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.
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References in periodicals archive ?
suggests that the Court would not hold the federal medical loss ratio to
In New Mexico, the state risk pool has a loss ratio equal to 442% of the standard-plan loss ratio.
According to the request TDI sent to HHS to adjust the requirement, the average medical loss ratio for an individual insurer in Texas was 70/30 in 2010.
Department of Health and Human Services for a decrease in the required medical loss ratio percentage--the amount of premium money actually spent on reimbursing care--from the federally required 80 percent to 70 percent until 2014.
(Through 2015, states can elect to classify businesses with less than 51 employees as small employers for medical loss ratio computation purposes.)
An estimated 74.8 million Americans will be protected by the new medical loss ratio requirements, and up to 9 million Americans could be eligible for rebates in the first year, according to HHS.
Profit margins in the long term insurance business have been under pressure, with Samsung F&M's risk loss ratio having increased for two consecutive years in fiscal years 2008 and 2009.
* The regulation will allow insurers to deduct federal and state taxes that apply to health insurance coverage from an insurer's premium revenue when calculating its medical loss ratio. As NAIC recommended, taxes assessed on investment income and capital gains will not be deducted from premium revenue.
The methodology employed here and described in later sections is useful for short-term changes in the loss ratio but does not address those long-term effects.
* A contingency contract that pays $0 for a 10 percent loss ratio and 0 percent growth on $1 million premium, but pays $25,000 for a 50 percent loss ratio and 4 percent growth
Year PIP Written Incurred Loss Adj PIP L/R 2004 $22,949,000 $18,320,000 207.5% 2005 $114,828,000 $111,835,000 116.3% 2006 $155,204,000 $93,278,000 63.4% OK everyone, please tell me how a New Jersey auto insurer goes from a 116 percent to a 63 percent PIP loss ratio in only one year.
"I haven't done any independent study of other states to know what the loss ratio is in other states," said Duvall, chair of the Real Property, Probate and Trust Law Section's Title Insurance Committee.