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System and method for establishing rates for a property insurance policy
System and method for establishing rates for a property insurance policy
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机译:建立财产保险单费率的系统和方法
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摘要
Property insurance rates are established by performing calculations for defining a single tier placement dependent upon a combination of mutually exclusive factors based on applicant data. In the case of a renewal policy, the factors include determining a protection class and a previous paid loss history. In the case of a new policy, the factors also include determining an insurance credit score. No single factor is the sole determinant for placement in a tier.
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