[[Actuarial Notes Wiki|Wiki]] / [[Exam 5 (CAS)]] / **Schedule Rating**
## Definition
==Schedule Rating== is a ratemaking technique allowing underwriters to apply discretionary debits or credits based on specific risk characteristics not captured in the base classification.
## Factors
- Safety programs
- Management quality
- Loss control measures
- Physical hazards
- Moral hazards
## Constraints
Usually subject to:
- Maximum debit/credit limits
- Documentation requirements
- Regulatory approval
- Consistency standards
## Related Concepts
- [[Experience Rating#Definition]]
- [[Classification Ratemaking#Definition]]
## References
- Werner & Modlin, Chapter 12