coinsurer


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Translations

coinsurer

[ˌkəʊɪnˈʃʊərəʳ] Ncoasegurador(a) m/f
Collins Spanish Dictionary - Complete and Unabridged 8th Edition 2005 © William Collins Sons & Co. Ltd. 1971, 1988 © HarperCollins Publishers 1992, 1993, 1996, 1997, 2000, 2003, 2005
References in periodicals archive ?
For example, when an insurance company pays a claim, it invoices any coinsurer for partial reimbursement.
It is a fun fiesta for the learner or the coinsurer." The festival will not just influence the palate but educate its visitors and participants too.
If the insured fails to maintain this 80% required insurance, he or she will be treated as a "coinsurer," and the insured will share in any loss.
Insured B is underinsured and must accept 25 percent of the loss as a coinsurer. Insured B will collect $37,500 (75 percent of $50,000) less the $250 deductible for a net recovery of $37,250.
If the insured accepts the bargain but events prove the amount of insurance is inadequate to the stated coinsurance percentage, the insured becomes coinsurer in the same ratio as the amount of insurance bears to the amount that should have been carried.
This essentially makes the insured business a coinsurer unless enough insurance is carried to cover the highest loss exposure for the insured's busiest period.
"In a comprehensive plan we typically look at homeowners' insurance to make sure it is adequate--that the client has at least 80% coverage (so he or she doesn't become a coinsurer) as well as sufficient liability insurance." The firm also includes a section on risk management in the financial planning seminars it does for executives or employee groups.
One loss in which the insured ends up as a surprise coinsurer is usually sufficient to make them realize the importance of monitoring coverage levels.
The FHA coinsurance program, no longer in operation because of severe losses, was a program whereby approved coinsurers could originate mortgages on which they would take the top portion of the risk and share an additional portion of the risk with the federal government which, however, would take the ultimate risk after the coinsurer had paid its share.