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Definition of Coinsurance
1. Noun. Insurance issued jointly by two or more underwriters.
Definition of Coinsurance
1. n. Insurance jointly with another or others; specif., that system of fire insurance in which the insurer is treated as insuring himself to the extent of that part of the risk not covered by his policy, so that any loss is apportioned between him and the insurance company on the principle of average, as in marine insurance or between other insurers.
Definition of Coinsurance
1. Noun. (American English) The joint assumption of risk between the insurer and the insured party. ¹
2. Noun. (context: international) The joint assumption of risk between multiple insurers. ¹
¹ Source: wiktionary.com
Definition of Coinsurance
1. [n -S]
Medical Definition of Coinsurance
1. A provision by which the insured individual shares in the cost of certain expenses. The same as copayment. (12 Dec 1998)
Lexicographical Neighbors of Coinsurance
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