MORBIDITY RATE
\mɔːbˈɪdɪti ɹˈe͡ɪt], \mɔːbˈɪdɪti ɹˈeɪt], \m_ɔː_b_ˈɪ_d_ɪ_t_i ɹ_ˈeɪ_t]\
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Morbidity rate is a basic factor in setting insurance premium rates. It is the likelihood that a person will suffer a disease, illness, injury, or sickness, based on being a member of a particular group, categorized by age or some other factor like occupation.
By Henry Campbell Black
