premium rate

premium rate. Insurance. The price per unit of life insurance. • It is usu. expressed as a cost per thousands of dollars of coverage. Life insurers use three factors — the interest factor, the mortality factor, and the risk factor — to calculate premium rates. — Sometimes shortened to rate. See INTEREST FACTOR; MORTALITY FACTOR; RISK FACTOR. [Cases: Insurance 1541–1546. C.J.S. Insurance §§ 66–69, 71–73.]

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词条贡献者

资深译员Gwen，毕业于英国顶尖的高级翻译学院，擅长翻译涉及物联网领域的法律文件。