PARCEL POST INSURANCE

\pˈɑːsə͡l pˈə͡ʊst ɪnʃˈʊ͡əɹəns], \pˈɑːsə‍l pˈə‍ʊst ɪnʃˈʊ‍əɹəns], \p_ˈɑː_s_əl p_ˈəʊ_s_t ɪ_n_ʃ_ˈʊə_ɹ_ə_n_s]\

Definitions of PARCEL POST INSURANCE

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1910 - Black's Law Dictionary (2nd edition)
By Henry Campbell Black

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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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