Rating

Description
This aggregate contains all data elements necessary to properly apply company specific rates.

Type : Aggregate
DataType : Rating_Type

Elements
CreditOrSurchargeDescribes a credit/discount/surcharge/modification.
ExposureThe amount of the exposure used in calculating the premium. The content of this data element depends on the rating basis used.
ExposureInfoThis contains information concerning business or non-business exposures whether incidental or not.
MinMaxCdA code identifying how to determine if minimum premiums apply or if the maximum premium limit has been applied. This element uses the MinMax code list.
PremiumBasisCdA code designating the rating basis of the exposure amount. This code uses the PremiumBase code list.
PremiumRateCdA code used to identify the type of rating scale used. This tag uses the RateScaleType code list.
RangeInfoThis represents a range of something. It's meaning is given context by its parent aggregate.
RateThe rate or factor used to calculate the premium.
RateBaseAmtThe total amount of the exposure used as the basis for calculating the premium.For bonds, this is the total exposure basis used for rating the bond.For additional or return premium transactions, this would be the amount of the change in the total exposure basis used to rate the bond transaction. The "exposure" multiplied by rate = premium.
RateLevelNumberA number indicating which level of the rating scale is reported in this occurrence. For instance: 01 = first, 02 = second. If scaled rating data is not being sent, 01 will always be used.

Attributes
idThis attribute is an identifier to a specific element.