loss ratio
Defined in 1 dictionary — U.S. Code
United States Code
7 U.S.C. § 1502 — as used in this subchapter
The term “loss ratio” means the ratio of all sums paid by the Corporation as indemnities under any eligible crop insurance policy to that portion of the premium designated for anticipated losses and a reasonable reserve, other than that portion of the premium designated for operating and administrative expenses.