GENERAL RATING RULES Clause Samples

GENERAL RATING RULES o Factors or multipliers are to be applied consecutively and not added together unless otherwise specified. o Round rates, factors and multipliers after the final calculation to three decimal places. Five-tenths or more of a mill shall be considered one mill, for example, .1245 = .125. o Round the premium for each coverage for which a separate premium is calculated to the nearest whole dollar. Round a premium involving $.50 or over to the next higher whole dollar. o Compute premium for mandatory coverages by using the limit of insurance and, once computed, apply the premium separately to building and business personal property. The limit of insurance must be the replacement cost value (Rating Basis Code 2) of the property to be insured. This does not apply to fast food restaurants.
View Source

Related to GENERAL RATING RULES

  • Moody’s ▇▇▇▇▇’▇ Investors Service, Inc. and its successors.

  • Industry Ratings The City will only accept coverage from an insurance carrier who offers proof that it: a. Is authorized to do business in the State of Kansas; b. Carries a Best's policyholder rating of A- or better; and c. Carries at least a Class VIII financial rating; or d. Is a company mutually agreed upon by the City and Consulting Engineer/Architect.

  • Debt Rating The Liquidity Provider has a short-term debt ratings of “P-1” from ▇▇▇▇▇’▇ and “F1+” from Fitch.

  • PRIORITY RATING If so identified, this Contract is a "rated order" certified for national defense, emergency preparedness, and energy program use, and SELLER shall follow all the requirements of the Defense Priorities and Allocation System Regulation (15 C.F.R. Part 700).

  • No Ratings There are no securities or preferred stock of or guaranteed by the Company or any of its subsidiaries that are rated by a “nationally recognized statistical rating organization,” as such term is defined under Section 3(a)(62) under the 1934 Act.