Learn about Participating Policies in general insurance, including how they pay dividends to policy owners and share loss coverage among multiple insurances.
Explore the concept of cooperative insurance, a policy typically issued by associations such as trade unions, and discover how it functions in the realm of general insurance.
Learn about Reciprocal Insurance Exchange, a unique arrangement where unrelated individuals, known as subscribers, come together to insure each other, sharing the risk through an attorney in fact.
Discover the role of a coinsurer within an insurance policy, where the coinsurer shares in the loss. Learn more about general insurance terms and their significance.
Learn about pro rata, a term used in insurance to describe the allocation of payouts between beneficiaries or the sharing of liability between insurers. This guide explains its significance in insurance contracts.
