PROMOTIVE
\pɹəmˈə͡ʊtɪv], \pɹəmˈəʊtɪv], \p_ɹ_ə_m_ˈəʊ_t_ɪ_v]\
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By Nuttall, P.Austin.
Word of the day
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.