What is NUMERICAL RATING?

The determination of the policy rate for the insured who falls below standards. A value of 100 is assigned to an insured who meets standards stated on the policy. Depending on impairments or injuries, a value is then assigned to the substandard insured.

More On This Topic



Link to This Definition
Did you find this definition of NUMERICAL RATING 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