UNDISMAYED
\ʌndɪsmˈe͡ɪd], \ʌndɪsmˈeɪd], \ʌ_n_d_ɪ_s_m_ˈeɪ_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.