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coinsurance

   Also found in: Medical, Legal, Financial, Acronyms, Wikipedia 0.48 sec.
co·in·sur·ance  (kn-shrns)
n.
1. Insurance held jointly by two or more insurers.
2. A form of insurance in which a person insures property for less than its full value and agrees to be responsible for the difference.
ThesaurusLegend:  Synonyms Related Words Antonyms
Noun1.coinsurance - insurance issued jointly by two or more underwriters
insurance - promise of reimbursement in the case of loss; paid to people or companies so concerned about hazards that they have made prepayments to an insurance company


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The unit will focus on offering yearly renewable term and coinsurance products to the individual life reinsurance market, Ace said.
1 million in coinsurance and deductibles for these erroneous payments.
Situation 1: A is an individual covered by an HDHP, with an 80/20% coinsurance feature above the deductible.
 
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