Examlex
Ensuring that every fact fits with every other fact best describes:
Co-insurance Clause
A provision in an insurance policy that requires the policyholder to bear a portion of the risk by paying a percentage of the total claim amount.
Apportions Losses
The process of dividing or allocating financial losses among different parties, usually according to a predetermined formula or agreement.
Insurance Companies
Businesses that provide coverage, in the form of compensation resulting from loss, damages, injury, treatment or hardship in exchange for premium payments.
Coinsurance Clause
A provision in an insurance policy that requires the policyholder to bear a portion of the risk by paying a percentage of the total claim.
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