Corridor Self-insured Retention,
What is The Meaning of Corridor Self-insured Retention?
Meaning of Corridor Self-insured Retention: Also known as the bikini franchise, it is a self-insurance layer that separates the core layer of risk, whether from insurance, cell insurance or the financed core layer, which is a direct surplus. The first is used in health insurance, where deductions (which are actually deductions, self-insured holding tax (SIR)) are not levied between the initial insured dollar and primary health insurance from the insurance policy of primary health care. Is ahead The frame looks like a bikini, there's definitely more protection under it, but there's nothing in between. Risk managers, brokers and creative additional insurers are moving away from health insurance claims to CRS brokers property and death claims as they seek more sophisticated methods of risk distribution and financing. Corridor SIR layers usually have no backing. It works to reduce (or provide access to) the cost of additional insurance or general insurance and frees the policyholder from the obligation to finance the expected loss. It is also used in structural insurance contracts. The CRS corridor can be designed to include non-event - aggregate limit values or a combination of each event limit values and aggregate values. A typical broker's CRS has a limit for each event, possibly subject to an annual deposit, based on risk and deductible prices.
Literal Meanings of Corridor Self-insured Retention
Meanings of Corridor:
A long hallway in a building with doors leading to the bedrooms.
Sentences of Corridor
The room is at the end of the hallway
Synonyms of Corridor
arcade, passage, hall, gallery, aisle, cloister, gangway, hallway, passageway
Meanings of Self:
The essential existence of people that distinguishes them from others, especially as objects of self-knowledge or reflection.
(Mold or cover) is made of the same material and color as other materials.
Sentences of Self
Autonomous species lose a lot of power in their offspring vi
Alienation from our true selves
Meanings of Insured:
Insured person or organization.
Sentences of Insured
Compensation if the insured dies
Meanings of Retention:
Continuity, use, or possession of something.
Sentences of Retention
Maintain direct control of the central government