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C - Civil liability, Co-insurance

8 April 2008
Written by: admin Posted under Vocabulary

Civil liability
Responsibility of the person for drawing of life, health or property damage of the third parties. Civil liability insurance assigns payment to the insurance company.

Co-insurance
Insurance at which two and more insurers possess the certain shares in the same risks’ insurance, giving out joint or separate policies, according to the insurance sum of the share.


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