IRt(UB+/-RS) Alternative
Here's an alternative I came up with to help me memorize this:
IRS BUDs (The IRS are our buddies?)
I =Indemnity Rate
R = ReInsurance load
S = Self-Sustainability load
B = Balance-back factor
U = Uncertainty load
Ds = Discount/Surcharge
If IRS is too American, we can use SIR BUDs - this is a little more Canadian and shows a bit of appreciation for 10/17.
Comments
(I added a link to this from the Chev.Agric wiki article!)