HEALTH ALLIANCES
\hˈɛlθ ɐlˈa͡ɪ͡ənsɪz], \hˈɛlθ ɐlˈaɪənsɪz], \h_ˈɛ_l_θ ɐ_l_ˈaɪə_n_s_ɪ_z]\
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An organization of insurers or reinsurers through which particular types of risk are shared or pooled. The risk of high loss by a particular insurance company is transferred to the group as a whole (the insurance pool) with premiums, losses, and expenses shared in agreed amounts.
By DataStellar Co., Ltd
Word of the day
Snake's-head
- Guinea-hen flower; -- so called in England because its spotted petals resemble the scales of a snake's head.