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coinsure |
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coinsure [ˌkəʊɪnˈʃʊə -ˈʃɔː] vb
1. (Business / Insurance) (intr) to take out coinsurance 2. (Business / Insurance) to insure (property) jointly with another coinsurer n ThesaurusLegend: Synonyms Related Words Antonyms
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Where the company isn't able to bind an entire program, for example, and is coinsuring with another carrier, the company will continue to offer its existing $250 million capacity, instead of the new $500 million limit, the company said. Additionally, on a go forward basis, EquiTrust is coinsuring 50 percent of NTL's new life and annuity business. If has been coinsuring the Volvia portfolio for several years and therefore already understands its characteristics. |
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