standard risk rate
Defined in 1 place of the United States Code.
The term “standard risk rate” means a rate—
(A) determined under the State high risk pool by considering the premium rates charged by other health insurers offering health insurance coverage to individuals in the insurance market served;
(B) that is established using reasonable actuarial techniques; and
(C) that reflects anticipated claims experience and expenses for the coverage involved.
Source
- 2006–present42 U.S.C. § 300GGThe Public Health and Welfare · Relief for high risk pools · in this section