by lakemen » Sat Jul 08, 2006 05:25 am
Coinsurance
In property insurance, a clause that states the insured will share in losses to the extent that he is underinsured at the time of loss. In medical insurance, the insured person and the insurer share the covered procedures under a policy in a specified ratio (80 percent by the insurer and 20 percent by the insured).
In property insurance, a clause that states the insured will share in losses to the extent that he is underinsured at the time of loss. In medical insurance, the insured person and the insurer share the covered procedures under a policy in a specified ratio (80 percent by the insurer and 20 percent by the insured).
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