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:
“Fortunately art is a community effort—a small but select community living in a spiritualized world endeavoring to interpret the wars and the solitudes of the flesh.”
—Allen Ginsberg (b. 1926)