Allowed/Allowable Charge

Posted on December 21, 2016

See Usual & Customary (U & C). In Cayman, see SHIF.

This entry was posted in . Bookmark the permalink.

Post navigation

← Usual & Customary Charge

INSURANCE

A formal social device for reducing risk by transferring the risks of several individual entities to an Insurer. The Insurer agrees, for a consideration, to assume, to a specified extent, the losses suffered by the Insured.