experience dividend |
Definition
Refund of a portion of group insurance premium to a group policy holder whose claim experience turns out to be better than what was anticipated at the time premium was computed. Also called experience rating refund, experience refund, or retroactive rate reduction.
email to a friend
print this definition
cite this definition
link to this page
experience dividend is in the General, Marine, & Life Insurance subject.
experience dividend appears in the definitions of the following terms: experience rating refund, retroactive rate reduction and experience refund
This content can be found on the following page:
http://www.businessdictionary.com/definition/experience-dividend.html