Complaint Ratio
A measure used by some state insurance departments to track consumer complaints against insurance companies. Generally, it is stated as the number of complaints upheld against an insurance company, as a percentage of premiums written. In some states, complaints from medical providers over the promptness of payments may also be included.
"Complaint Ratio" In Context
""They have sold thousands with a complaint ratio of .0125 (well below the electronics industry standard) & this includes complaints filed by their chief competitor who has openly stated that they would try to sabotage them," Schafkopf wrote." This Insurance Word is available for Sponsorship Sponsor this Definition Today.