TRANSMITTED
\tɹansmˈɪtɪd], \tɹansmˈɪtɪd], \t_ɹ_a_n_s_m_ˈɪ_t_ɪ_d]\
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.