LESSIVE

\lˈɛsɪv], \lˈɛsɪv], \l_ˈɛ_s_ɪ_v]\
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1846 - Medical lexicon: a dictionary of medical science
By Robley Dunglison

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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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