MULTILINE INSURANCE
\mˌʌltɪlˈa͡ɪn ɪnʃˈʊ͡əɹəns], \mˌʌltɪlˈaɪn ɪnʃˈʊəɹəns], \m_ˌʌ_l_t_ɪ_l_ˈaɪ_n ɪ_n_ʃ_ˈʊə_ɹ_ə_n_s]\
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Bundled insurance instrument to cover multiple similar risk exposures as one single insurance policy. It is more manageable for the involved insurers to use a single multiline contract for the overall risk portfolio, allowing insurance companies to cover a wide variety of exposures.
By Henry Campbell Black
Word of the day
Snake's-head
- Guinea-hen flower; -- so called in England because its spotted petals resemble the scales of a snake's head.