BIOCHEMICAL

\bˌa͡ɪə͡ʊkˈɛmɪkə͡l], \bˌa‍ɪə‍ʊkˈɛmɪkə‍l], \b_ˌaɪ_əʊ_k_ˈɛ_m_ɪ_k_əl]\

Definitions of BIOCHEMICAL

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PROPORTIONAL AGREEMENT

  • When an insurer must take their share the losses based on a fixed variable percentage or monetary value. Refer to excess of loss agreement.
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