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.
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Famous quotes containing the word community:
“... no community where more than one-half of the adults are disfranchised and otherwise incapacitated by law and custom, can be free from great vices. Purity is inconsistent with slavery.”
—Tennessee Claflin (1846–1923)