co-insurance
101insurance — n. 1 the act or an instance of insuring. 2 a a sum paid for this; a premium. b a sum paid out as compensation for theft, damage, loss, etc. 3 = insurance policy. 4 a measure taken to provide for a possible contingency (take an umbrella as… …
102Insurance Derivative — A financial instrument that derives its value from an underlying insurance index or the characteristics of an event related to insurance. Insurance derivatives are useful for insurance companies that want to hedge their exposure to catastrophic… …
103Insurance Proceeds — The benefit proceeds paid out by any type of insurance policy as a result of a claim. Insurance proceeds are paid out once a claim has been verified, and financially indemnify the insured for a loss that is covered under the policy. Insurance… …
104insurance premium — Payments calculated by the insurance company based on risk factors that must be made by the insured to guarantee protection of property loss under an insurance policy. Bloomberg Financial Dictionary * * * insurance premium insurance premium ➔… …
105insurance agent — A person expressly or impliedly authorized by an insurance company to represent it in dealing with third persons in matters relating to insurance. 29 Am J Rev ed Ins § 135. One who represents an insurance company as a solicitor of business or as… …
106insurance company — A company engaged in the business of making contracts by which it agrees to indemnify the other parties thereto from a loss or damage which they may suffer from a specified peril. Strictly construed, an insurance company regularly incorporated… …
107insurance reserve — Reserve Re*serve , n. [F. r[ e]serve.] 1. The act of reserving, or keeping back; reservation. [1913 Webster] However any one may concur in the general scheme, it is still with certain reserves and deviations. Addison. [1913 Webster] 2. That which …
108Insurance bond — An insurance bond (or investment bond) is a single premium life assurance policy for the purposes of investment. Due to tax laws they are a common form of investment in the UK and some offshore centres.Traditionally insurance bonds were with… …
109Insurance Fraud — An illegal act on the part of either the buyer or seller of an insurance contract. Insurance fraud from the issuer (seller) includes selling policies from non existent companies, failing to submit premiums and churning policies to create more… …
110insurance — /ɪn ʃυərəns/ noun an agreement that in return for regular payments (called ‘premiums’), a company will pay compensation for loss, damage, injury or death ● to take out insurance ● Repairs will be paid for by the insurance. ♦ to take out an… …
