TOMTOM

\tˈɒmtəm], \tˈɒmtəm], \t_ˈɒ_m_t_ə_m]\
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1919 - The Winston Simplified Dictionary
By William Dodge Lewis, Edgar Arthur Singer

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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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