rated policy

rated policy definition - business

rated policy

An insurance policy issued to someone considered a greater than average risk. For example, a life insurance company set a higher premium on the rated policy it sold to a professional racecar driver.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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