Contribution (General Insurance Terms)

A term that can have several meanings in the context of insurance. A contribution can be the portion of a loss paid by each insurer, when two or more cover the same loss

A term that can have several meanings in the context of insurance. A contribution can be the portion of a loss paid by each insurer, when two or more cover the same loss. Or the term can mean the portion of a premium paid by the insured. The term can also mean the portion of the loss paid by the insurer under coinsurance.

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