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interinsurance

 

Definitions from the Web

Interinsurance

Definition: Interinsurance refers to a cooperative form of insurance arrangement where several insurance companies pool their resources to provide coverage and share risks collectively.

Examples:

  • Noun: The interinsurance agreement allowed multiple insurance companies to collectively provide coverage for the high-risk event.
  • Adjective: The interinsurance policy offers a unique advantage by leveraging combined resources and reducing costs.
  • Verb: The insurance companies decided to interinsurance their portfolios to create a more diverse and balanced risk pool.
  • Adverb: Through interinsurance, the participating companies were able to expand their coverage more efficiently.

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