What is COMBINED RATIO?

A ratio involving loss and expense. It is used in underwriting when the ratio is less than 100%. If the ratio is over 100% than a gain is incurred.

More On This Topic

  1. What Can You Do About Lost Wages?
  2. Three Potential Consequences of Breach of Fiduciary Duty
  3. How to Update Federal Tax Tables
  4. Where Do You Report Stock Loss On An Income Tax Return
  5. Law Enforcement & Protection
  6. Could financial institutions like Bank of America or Citibank go bankrupt?
  7. When Should a Personal Injury Plaintiff Decline a Structured Settlement?
  8. Understanding Section 79 Plans With Permanent Life Insurance
  9. Three Key Things To Know To Answer The Question: “What Is a Fob?”
  10. What Are the Different Types of Insurance?

Related Legal Terms

Payment Systems, Secured Transactions, Comparative Constitutional Law, Torts (Selmi), Evidence 2, Remedy (Keyed to Jacobs), Criminal Law (Emanuel), Patent Law, Criminal Procedure, Civil Law Torts


Link to This Definition

Did you find this definition of COMBINED RATIO helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary