coinsuranceˌkoʊ ɪnˈʃʊər əns, -ˈʃɜr-
coinsurance (n)
English Definitions:
coinsurance (noun)
insurance issued jointly by two or more underwriters
coinsurance (Noun)
The joint assumption of risk between the insurer and the insured party.
coinsurance (Noun)
The joint assumption of risk between multiple insurers.
coinsurance
In insurance, co-insurance or coinsurance is the splitting or spreading of risk among multiple parties.
coinsurance
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"coinsurance." Kamus.net. STANDS4 LLC, 2024. Web. 18 Apr. 2024. <https://www.kamus.net/english/coinsurance>.
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