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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
Literary usage of Coinsurance
Below you will find example usage of this term as found in modern and/or classical literature:
1. Property Insurance: Comprising Fire and Marine Insurance, Corporate Surety by Solomon Stephen Huebner (1915)
"Thus under a "full coinsurance clause," or for 100 per cent, ... If the 80 per
cent coinsurance clause is used, the company considers itself liable for only ..."
2. Property Insurance, Comprising Fire and Marine Insurance, Corporate Surety by Solomon Stephen Huebner (1911)
"Thus under a "full coinsurance clause," or for 100 per cent, ... If the 80 per
cent coinsurance clause is used, the company considers itself liable for only ..."
3. Accounting Theory and Practice by Roy Bernard Kester (1918)
"Effect of coinsurance Clause Another limitation clause is the "coinsurance,"
sometimes called the "average clause" or "reduced rate" clause. ..."
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