GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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12:14 Mar 27, 2003 |
Spanish to English translations [PRO] Bus/Financial - Insurance / Insurance | |||||||
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| Selected response from: Nikki Graham United Kingdom Local time: 10:55 | ||||||
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Summary of answers provided | ||||
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4 +3 | leading company |
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5 | lead company |
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4 | opening company |
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opening company Explanation: In the case of co-insurance, the opening company (or opener) is the insurer that asumes the highest percentage of the risk insured. All other insurers are liable in the proportions they assume. |
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leading company Explanation: translation from Mapfre's diccionario de seguros and also in this Internet glossary (which you may find useful) COMPAÑÍA ABRIDORA (LEADING COMPANY) Es la aseguradora que tiene la mayor participación en un coaseguro y la que por tanto emite la póliza. Reference: http://www.americanare.com/lr.htm |
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