co-insurance

co-insurance
Where one insurer is in direct contractual relationship with the insured for part of the same risk. Each co-insurance is a separate contract with the insured and a co-insurer is not obliged to follow the decision of another co-insurer. Co-insurance can also mean self-insurance of some part of the risk by the insured.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

Игры ⚽ Поможем написать реферат

Look at other dictionaries:

  • Insurance in India — Insurance is a federal subject in India and has a history dating back to 1818. Life and general insurance in India is still a nascent sector with huge potential for various global players with the life insurance premiums accounting to 2.5% of the …   Wikipedia

  • Insurance commissioner — (or commissioner of insurance) is an executive office in many U.S. states, some in the state cabinet. The office differs state by state: In some states insurance commissioner is a constitutional office established by state constitution; in other… …   Wikipedia

  • insurance — in·sur·ance /in shu̇r əns, in ˌshu̇r / n 1: the action, process, or means of insuring or the state of being insured usu. against loss or damage by a contingent event (as death, fire, accident, or sickness) 2 a: the business of insuring persons or …   Law dictionary

  • Insurance in the United States — refers to the market for risk in the United States of America. Some main features of insurance could be said to be, *the benefit provided by a particular kind of indemnity contract, called an insurance policy; *that is issued by one of several… …   Wikipedia

  • Insurance law — is the name given to practices of law surrounding insurance, including insurance policies and claims. It can be broadly broken into two categories regulation of the business of insurance and regulation of claim handling. Regulation of insurance… …   Wikipedia

  • Insurance Premium Tax (UK) — Insurance premium tax (IPT) is a tax paid by some insurance companies and insurance brokers that sell taxable insurance [Insurance premium tax, Business Link, [http://www.businesslink.gov.uk/bdotg/action/detail?type=RESOURCES itemId=1074407748] ] …   Wikipedia

  • Insurance and Finance — is a research programme set up by the Geneva Association, also known as the International Association for the Study of Insurance Economics. This research programme on insurance and finance comprises academic and professional research activities… …   Wikipedia

  • Insurance — In*sur ance, n. [From {Insure}.] [1913 Webster] 1. The act of insuring, or assuring, against loss or damage by a contingent event; a contract whereby, for a stipulated consideration, called premium, one party undertakes to indemnify or guarantee… …   The Collaborative International Dictionary of English

  • Insurance broker — Insurance In*sur ance, n. [From {Insure}.] [1913 Webster] 1. The act of insuring, or assuring, against loss or damage by a contingent event; a contract whereby, for a stipulated consideration, called premium, one party undertakes to indemnify or… …   The Collaborative International Dictionary of English

  • Insurance company — Insurance In*sur ance, n. [From {Insure}.] [1913 Webster] 1. The act of insuring, or assuring, against loss or damage by a contingent event; a contract whereby, for a stipulated consideration, called premium, one party undertakes to indemnify or… …   The Collaborative International Dictionary of English

  • Insurance policy — Insurance In*sur ance, n. [From {Insure}.] [1913 Webster] 1. The act of insuring, or assuring, against loss or damage by a contingent event; a contract whereby, for a stipulated consideration, called premium, one party undertakes to indemnify or… …   The Collaborative International Dictionary of English

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”