The Law Dictionary

Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

PROSPECTIVE RATING PLAN Definition & Legal Meaning

Definition & Citations:

The method that is used to establish the premiums or rates in future years that is dependent on any losses that have occured in previous years

Disclaimer

This article contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.