The actual equipment will pretty much look the same, and be installed in essentially the same fashion. These are just circuit breakers and panelboards and the like.
The difference is the interruption rating of the particular devices installed.
In a power distribution system, you will generally have OCPD (fuses, circuit breakers, etc.) which feed other OCPD, which feed other OCPD, and so on down to your final branch circuit. Each of these OCPD will have ratings, eg the 'trip rating' , the 'voltage rating', and the 'ampere interrupting' rating. This latter rating is where 'series rating' comes into play.
Circuit breakers are rated to open against a rated current flow; exceed this current flow during a fault condition, and the breaker will _try_ to open, but may fail in the process. An arc might form which the breaker does not extinguish, mechanical components may fail, etc. Literally, the thing could blow up. The fault current is set by the voltage and impedance of the supply (transformer) and all of the conductors leading up to the fault. The available fault current from a transformer will normally be 10-30x the full load current of that transformer, so you can see that even in small systems (say a 100A residential service) the fault currents can easily be in the kiloamp range.
In a series rated system, a particular combination of upstream OCPD and downstream OCPD is rated to operate with potential fault currents that exceed the individual rating of the downstream device. It is still just an upstream circuit breaker and a downstream circuit breaker, but this particular _combination_ has been tested to deal with the series rated fault current.
-Jon