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1. Insurance: Computing premium on a policy (such as for auto insurance) on the basis of an insured's loss record.

2. HR: System of rating employees on the basis of factorssuch as absenteeism, adaptability, attitude, health, length of service, punctuality, and safety record

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How can an employer benefit from a merit rating system for state unemployment?

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A workers compensation rating technique that rewards the insured for successful loss control measures is called?

Merit Rating Plan.


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Evaluates the candidate based on qualifications such as scholastic aptitude.


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Merit rating insurance example?

Merit rating insurance is a system where insurance premiums are adjusted based on the policyholder's individual risk factors, such as driving record or claims history. For example, in auto insurance, a driver with a clean record may receive lower premiums compared to a driver with multiple accidents. This system allows insurance companies to more accurately price policies based on the specific risk profile of each policyholder, promoting fairness and efficiency in the insurance market.


What does the energy star rating mean?

Energy star rating is a rating fiven to products to rate them on their energy consumption. The lower the energy star rating the less energy it uses.


What are the methods the environment uses to measure damage?

you


Effect of merit rating on pay?

When you receive high reviews, you will get a higher raise from your employer. The better you perform at your job, the more money you will make.