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LSDefine

Simple English definitions for legal terms

rating

Read a random definition: permittee

A quick definition of rating:

Rating: A way to decide if a boat is safe to insure. It's like giving the boat a grade to see if it's worth the risk to insure it. This is important for marine insurance.

A more thorough explanation:

Rating is a term used in marine insurance and insurance in general. It refers to the evaluation of a vessel's condition or state to determine its insurability.

When a ship owner applies for marine insurance, the insurer will conduct a rating to determine the vessel's condition. The rating will consider factors such as the age of the ship, its maintenance history, and any previous accidents or damages. Based on the rating, the insurer will determine the premium to be paid by the ship owner.

Another example of rating is in car insurance. Insurers use a rating system to evaluate the risk of insuring a particular driver. The rating takes into account factors such as the driver's age, driving history, and the type of car being insured. A driver with a good rating will pay a lower premium than one with a poor rating.

These examples illustrate how rating is used in insurance to determine the level of risk and the appropriate premium to be paid.

ratihabitio | ratiocination

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General chat about the legal profession.
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the hat man
HopefullyInLawSchool
16:03
isnt r&r a t50?
keep popping benadryls and ill stay online
law school chat roulette
[] baddestbunny
16:04
living out the plot of the movie unfriended in the yale invite-only webinar
You were only invited to round out the numbers anyway lol
Dkk
16:05
I'm too old to r&r, just gunna kms rn.
Dkk
16:05
Gotta get this show on the road.
Dkk
16:05
Lmfao
JumpySubsequentDolphin
16:05
washu stop emailing me while I’m waiting for a decision challenge
[] baddestbunny
16:05
I'm not in their webinar I just thought it would be a funny thing to have happen
[] baddestbunny
16:05
bc I have a sense of whimsy and imagination
Ah, youre a worm gorl'
shaquilleoatmeal
16:07
battle of the bunnies
How bout dat ASU wave
letsseehowitgoesnow
16:08
bunny hows it looking out there?
[] baddestbunny
16:08
I just think it's weird when a make a joke about everyone in the yale webinar being tortured by a malevolent spirit and someone says you only got invited to round out the numbers
why
go off queen
[] baddestbunny
16:09
which number am I rounding out? 5'4 women who deserve to be tortured?
someone invited to the yale webinar would get it
[] baddestbunny
16:10
if you don't get invited to the yale webinar canada sends you an email letting u know you qualify for MAID
what's that
Send MA ID
BulbasaurNoLikeCardio
16:16
LawHub blocking me from status checker, guess I ain't going to law school now
"Go touch grass" - Lawhub
BulbasaurNoLikeCardio
16:17
Pretty much lol
BulbasaurNoLikeCardio
16:18
Even though its only second check of the day
"day"
lol
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