ratemaking
Determining service costs
Ratemaking is the process by which regulatory agencies or companies establish prices for services—especially utilities, insurance, and transportation.
Public utility commissions engage in ratemaking to balance company profits against consumer protection: The commission's ratemaking process took eighteen months.
Insurance ratemaking determines premiums based on risk assessment and actuarial data.
Payments for insurance coverage
- underwritingRisk evaluation and acceptance
- actuaryFinancial risk analyst
- actuarialOf risk calculation
- claimsStatements of truth
losses · reserves · policyholder · coverage · reinsurance · deductibles · risk · mortality
Energy from charged particles
- gasFormless, expanding substance
- waterClear essential liquid
- telecommunicationsRemote signal transmission technology
- tariffTax on traded goods
metering · grid · distribution · transmission · decoupling · infrastructure · monopoly · ratepayer
Adhering to requirements
- oversightSupervision or inadvertent omission
- filingStoring documents systematically
- approvalFavorable opinion given
- hearingPerceiving sound waves
intervention · commissioner · docket · statutory · jurisdiction · transparency · accountability · intervenor
Priced from expenditures
- value-basedGrounded in ethics
- cost-plusPricing ensuring profit margin
- tieredHaving multiple levels
- variableProne to fluctuation
fixed · surcharge · discount · markup · cross-subsidy · incremental · time-of-use
premiums
Payments for insurance coverage
- underwritingRisk evaluation and acceptance
- actuaryFinancial risk analyst
- actuarialOf risk calculation
claims · losses · reserves · policyholder · coverage · reinsurance · deductibles · risk · mortality · morbidity
electricity
Energy from charged particles
- gasFormless, expanding substance
- waterClear essential liquid
- telecommunicationsRemote signal transmission technology
tariff · metering · grid · distribution · transmission · decoupling · infrastructure · monopoly · ratepayer
compliance
Adhering to requirements
- oversightSupervision or inadvertent omission
- filingStoring documents systematically
- approvalFavorable opinion given
hearing · intervention · commissioner · docket · statutory · jurisdiction · transparency · accountability · intervenor · testimony
cost-based
Priced from expenditures
- value-basedGrounded in ethics
- cost-plusPricing ensuring profit margin
- tieredHaving multiple levels
variable · fixed · surcharge · discount · markup · cross-subsidy · incremental · time-of-use
ratemakingderegulation
Removing governmental business restrictions
free market · laissez-faire · privatization · decontrol · non-intervention
rate, rates, rated, rating, ratings, rater, raters, make, makes