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Coinsurance

Noun

Word Frequency: 0.2

Definitions

1.NounThe joint assumption of risk between the insurer and the insured party.

2.NounThe amount paid by the insured in accordance with this risk sharing.

3.NounThe joint assumption of risk between multiple insurers.

Synonyms

deductible joint life risk insurance carrier auto insurance self-insurance cover insurance policy insurance insurance contract insured policy

Rhymes With

occurrence recurrence concurrence transference deterrence thought transference regular recurrence currence

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