Definify.com
Definition 2024
coinsurance
coinsurance
English
Alternative forms
- co-insurance
Noun
coinsurance (countable and uncountable, plural coinsurances)
- (US) The joint assumption of risk between the insurer and the insured party.
- (international) The joint assumption of risk between multiple insurers.
Translations
joint assumption of risk between insurer and insured
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joint assumption of risk between multiple insurers
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