What is MORBIDITY RATE?

Morbidity rate is a basic factor in setting insurance premium rates. It is the likelihood that a person will suffer a disease, illness, injury, or sickness, based on being a member of a particular group, categorized by age or some other factor like occupation.

More On This Topic



Link to This Definition
Did you find this definition of MORBIDITY RATE 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