Florida Health Insurance Definitions

Florida Health Insurance Terms:
"Preferred Rating Class"

Define: "Preferred Rating Class"

This is one of the best premium rate classes available on life insurance policies for applicants that are determined by underwriting to be in better than average health.

OTHER USES -- "The policy rating class is the risk category which an applicant qualifies for according to an insurance company's underwriting guidelines. Common rating classes are Preferred Plus (also called Super Preferred), Preferred, Standard Plus, Standard and Substandard. The policy rating class will determine the premium rate for the policy. "

More Examples of Preferred Rating Class:

One of the best premium rate classes available on life insurance policies for applicants that are determined by underwriting to be in better than average health.

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