term1 Definition1term2 Definition2term3 Definition3
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The chance or uncertainty of loss.
Risk
Type of merit rating that bases the insured's premium on losses incurred during the policy period.
Retrospective rating
One of the precepts upon which the workers' compensation system was founded.
Stipulates that the only means available to employee to receive compensation from employers for injuries covered by workers' compensation laws is through the benefits mandated by those laws.
Exclusive remedy doctrine
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