Community rating is a concept usually associated with health insurance, which requires health insurance providers to offer health insurance policies within a given territory at the same price to all persons without medical underwriting, regardless of their health status.
Pure community rating prohibits insurance rate variations based on demographic characteristics such as age or gender, whereas adjusted or modified community rating allows insurance rate variations based on demographic characteristics such as age or gender.
Other articles related to "community rating":
... Community rating of supplemental private health insurance Australia — lifetime community rating of private hospital insurance supplemental to universal ...
Famous quotes containing the word community:
“When you have come into the land that the LORD your God is giving you, and have taken possession of it and settled in it, and you say, I will set a king over me, like all the nations that are around me, you may indeed set over you a king whom the LORD your God will choose. One of your own community you may set as king over you; you are not permitted to put a foreigner over you, who is not of your own community.”
—Bible: Hebrew, Deuteronomy 17:14,15.