What is the definition of Quota share? | Dictionary.net

QUOTA SHARE

\kwˈə͡ʊtə ʃˈe͡ə], \kwˈə‍ʊtə ʃˈe‍ə], \k_w_ˈəʊ_t_ə ʃ_ˈeə]\

Definitions of QUOTA SHARE

1910 - Black's Law Dictionary (2nd edition)

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An agreement where an insurer agrees to absorb loss at a percent rather than a specified cash amount. Refer to surplus share.

1910 - Black's Law Dictionary (2nd edition)
By Henry Campbell Black

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