loss conversion factor

  • Under a retrospective rating plan, an amount added to actual losses to provide for the expenses of an insurance company in handling claims.

    Internal Revenue Service 1

1Internal Revenue Service, Internal Revenue Manual 4.42.6 Glossary, http://­www.irs.gov/­irm/­part4/­irm_04-042-006.html (last accessed Dec. 22, 2009).