Define coinsurance. coinsurance synonyms, coinsurance pronunciation, coinsurance translation, English dictionary definition of coinsurance. n. 1. Insurance held jointly by two or more insurers. 2. A form of insurance in which a person insures property fo
Legal Definition coinsurance noun co·in·sur·ance ˌkō-in-ˈshu̇r-əns, kō-ˈin-ˌshu̇r- 1 : joint assumption of risk (as by two underwriters) with another 2 : insurance (as fire insurance) in which the insured is obligated to maintain coverage on a...
On this page, you'll find the legal definition and meaning ofCoinsurance, written in plain English, along with examples of how it is used. What is Coinsurance? It is a clause in an insurance policy in which the insurance company and the insured agree to bear the losses according to a fi...
In health insurance, coinsurance is similar to the idea of a co-payment or copay, except that the coinsurance amount is expressed as a percentage of the claim, while a copay is expressed as a specific amount. For example, let's say you need to see a doctor for a medical condition and...
From Longman Dictionary of Contemporary Englishcoinsuranceco‧in‧sur‧ance /ˌkəʊɪnˈʃʊərəns $ ˌkoʊɪnˈʃʊr-/ noun [uncountable] American English 1 BFIa type of insurance in which the payment is split between two people, especially between an employer...
coinsurance, co-insurancenmainly US(shared insurance policy)SCSimplified Chinese共同保险gòng tóng bǎo xiǎn TCTraditional Chinese共同保險 SCSimplified Chinese联合保险gòng tóng bǎo xiǎn,lián hé bǎo xiǎn 标题中含有单词 'coinsurance' 的论坛讨论: ...
Definition:Coinsurance Agreements Contract Type Jurisdiction Country Include Keywords Exclude Keywords Additional filters are available in search Open Search Coinsurance Agreementsmeans theLincoln LifeCoinsurance Agreement, the LAL Coinsurance Agreement and the Lincoln Barbados Coinsurance Agreement. ...
A "coinsurance" condition in a property insurance policy is analogous to the need for a standard definition of "payroll" to compute workers compensation premium. All workers compensation insurers use the same "payroll" definition established by workers compensation rating bureaus such as the National ...
coinsurance clause.A definition of the term "coinsurance clause," which refers to a clause penalizing the insured if the amount insured for is less than a pre-agreed specified percentage of the value of the property, is presented.EBSCO_bspIcsc Dictionary of Shopping Center Terms...
A coinsurance formula is the homeowners insurance formula that determines the amount of reimbursement that a homeowner will receive from a claim.