Venture Insurance Glossary - Terms starting with ‘X’ - Venture Insurance Services

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Exmod: "In California the experience modification or exmod is calculated by the Work Comp Insurance Rating Bureau (WCIRB) for insureds that generate a minimum amount of premium in the prior More…
Experience Modification: "In California the experience modification or exmod is calculated by the Work Comp Insurance Rating Bureau (WCIRB) for insureds that generate a minimum amount of premium in the prior More…
Experience Rating: "The development of a premium for a specific policyholder by using that insured's own loss experience to apply a premium modification factor to the manual rate. If the More…

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