Experience Refund,
Experience Refund Definition:
In the case of insurance contracts, a portion of the profits is returned to the sedentary after the provision has been made for the provision of reimbursement for risks, accumulated losses and losses.
Experience Refund definition is: Providing premium payments to policyholders for less than expected losses in most group policies.
The amount paid by the insurance company to the group's policyholders if the financial experience of a particular group (or the type of group it belongs to) is more favorable than expected.
Literal Meanings of Experience Refund
Experience:
Meanings of Experience:
Learn or distress (an event or events)
Synonyms of Experience
come across, participation in, confront, come into contact with, come up against, meet, encounter, be faced with, run into, have experience of, be forced to contend with, face, undergo, involvement in
Refund:
Meanings of Refund:
Compensation (cash), usually for customers who are not satisfied with the goods or services purchased.
Usually return a certain amount to the unhappy customer.
Sentences of Refund
If you are not satisfied with your purchase, we guarantee a full refund.
You have the right to refuse and demand a refund.
Synonyms of Refund
give back, pay back, return, restore, reimbursement, reparation, repayment, restitution, repay
Experience Refund,
How To Define Experience Refund?
You can define Experience Refund as, In the case of a reinsurance contract, a portion of the profits is returned to the sedent after the prior provision for risks, accumulated losses and damages.
Experience Refund means: Provision in most group policies to pay policyholder premiums for minor losses.
Literal Meanings of Experience Refund
Experience:
Meanings of Experience:
An event or event that affects someone.
Learn or Move (an event or events)
Sentences of Experience
Listening one day is a fun experience for all seven year olds.
Synonyms of Experience
exploit, participate in, adventure, try, feel, acquaintance with, conversance with, escapade, test, exposure to, understanding of, familiarity with, sustain, case, taste, event, ordeal, know, suffer, affair, observation of, tolerate
Refund:
Meanings of Refund:
Get some money back.
Sentences of Refund
You can apply for a tax refund.
Synonyms of Refund
compensate, recompense, remunerate, indemnification, rebate, square accounts with, recoup, indemnify, make good, indemnity, settle up with, replace, make restitution/amends to
Experience Refund,
What is The Meaning of Experience Refund?
In the case of reinsurance agreements, a portion of the profits is returned to the sedent after making prior provision for risks, accumulated losses and losses.
In most group policies, arrangements are made to return the premium to the policyholder at a lower loss than expected.
If the financial experience of a particular group (or key belonging to that group) is more favorable than received, the amount paid by the insurer to the insured group.
Literal Meanings of Experience Refund
Experience:
Meanings of Experience:
Events or events that affect someone.
Synonyms of Experience
incident, episode, insight into, become familiar with, impression of, happening, endure, circumstance, trial, occurrence, awareness of, live/go through
Refund:
Meanings of Refund:
Refunds (cash) are usually given to customers who are dissatisfied with the goods or services purchased.
