Mathematical determination based on the expectation of loss and the benefits to be paid in such an eventuality. The premium charged will vary directly with the probability of loss.
Actuarial Equivalent
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 | Actuarial Rate (insurance term) |
| Subsidization (insurance term) |
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 | Insurance Dictionary. Dictionary of Insurance Terms. Copyright © 2000 by Barron's Educational Series, Inc. All rights reserved. Read more |
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Mentioned in
- Actuarial Rate (insurance term)
- Subsidization (insurance term)
- Funding Instrument/Funding Media/Funding Vehicle (insurance term)
- Present Expected Value (insurance term)
- Taft-Hartley Pension Plan (insurance term)
