Coinsurance
Legal definition for Indian law research
Definition
Insurance jointly with another or others specif that system of fire insurance in which the insurer is treated as insuring himself to the extent of that part of the risk not covered by his policy so that any loss is apportioned between him and the insurance company on the principle of average as in marine insurance or between other insurers
Definitions are for legal research. Always verify meaning in the context of the statute, judgment, or jurisdiction cited.