TOMOTOCIA
\tˌɒmətˈə͡ʊʃə], \tˌɒmətˈəʊʃə], \t_ˌɒ_m_ə_t_ˈəʊ_ʃ_ə]\
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By Stedman, Thomas Lathrop
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.