Group insurance premium percentage returned to a group policy holder. Occurs when a time-based claim experience is better than predictions calculated for the premium. Known also as experience rating refund, […]
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EXPERIENCE MODIFICATION
Using an experience rating plan to increase or decrease a premium.
EXPERIENCE QUALITIES
Post-purchase and consumption evaluation of the way a service was provided. Points of courtesy, attention, and satisfaction are weighed.
EXPERIENCE RATED POLICY
A LOSSSENSITIVE INSURANCE CONTRACT where the INSURER charges a PREMIUM that is directly related to the INSURED
EXPERIENCE RATING
Actual claims in a previous by amount paid-out. Used a the basis for calculating upcoming premiums.
EXPERIENCE REFUND
The amount of PREMIUM an INSURER returns to an INSURED if the loss record is better than the amount indicated by the PURE PREMIUM incorporated in the basic premium rate.
EXPERIENCED MORTALITY
The mortality that a group actualy experiences rather than the expected mortality .
EXPERIENTIAL PROCESS
The firsthand involvement used to teach rather than lecturing or teaching in a secondhand way.
EXPERIMENT
In patent law , either a trial of an uncompleted mechanical structureto ascertain what changes or additions may be necessary to make it accomplish the designof the projector, or a […]
EXPERIMENTAL DESIGN
A plan for experiments regarding conditions, factors, responses, tools, and treatments to be used.
EXPERIMENTAL ECONOMICS
How an experiment is controlled when testing the affect of human behavior on the testing process.
EXPERIMENTAL EVIDENCE
a phrase used when an experiment is performed in the court that will prove a contention.
EXPERIMENTAL PROCEDURES
A medical service that a plan does not recongize as effective for improving health.
EXPERIMENTAL TESTIMONY
where the testimony of the witness says that he has carried out certain experiments to prove or disprove an action taking place.
EXPERT
A person that had knowledge and skills learned over years of experience in a subject. Their opinion can be helpful in problem solving . Refer to expert evidence .
EXPERT DATABASE SYSTEM
Combining DBMS with expert systems software . It is used when special knowledge is needed to use it and information is shared or scattered. AKA base management system .
EXPERT EVIDENCE
Testimony related to a professional or scientific subject. It is based on training and experience in a subject area. The expert must give their opinion to aid the court in […]
EXPERT POWER
Influence due to expertise. It changes behaviors in individuals or an organization based on past knowledge in an area.
EXPERT SYSTEM
An artificial intelligence system that takes expert knowledge and makes it software. It is merged with other codes and does problem solving via computer. It has a knowledge base , […]
EXPERT TESTIMONY
the testimony given by a person with expertise in a particular field.
EXPERT WITNESS
The party that gives their expert evidence .
EXPERTISE
The credibility of a person that is supposed to be knowledgeable in an area.
EXPERTS
Persons examined as witnesses in a cause, who testify in regard to someprofessional or technical matter arising in the case, and who are permitted to give theiropinions as to such […]
EXPIATE
This means to atone for something and to make amends or reparations for.
EXPILARE
In the civil law . To spoil; to rob or plunder. Applied to inheritances. Dig.47, 19; Cod. 9, 32.