LUCERNARIDA

\lˈuːsənˌɑːɹɪdə], \lˈuːsənˌɑːɹɪdə], \l_ˈuː_s_ə_n_ˌɑː_ɹ_ɪ_d_ə]\
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1913 - Webster's Revised Unabridged Dictionary
By Noah Webster.

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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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