SERIOUSNESS

\sˈi͡əɹɪəsnəs], \sˈi‍əɹɪəsnəs], \s_ˈiə_ɹ_ɪ__ə_s_n_ə_s]\
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1871 - The Cabinet Dictionary of the English Language

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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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