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Spanish to English translations [PRO] Bus/Financial - Insurance / Insurance
Spanish term or phrase:compañía abridora
la compañia abridora emite un recibo para el cliente por el total de la prima y una vez cobrado éste, cede a las comppañías aceptantes la proporción de prima que les corresponde en el reparto del coaseguro.
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.
Sheilann Spain Local time: 19:25 Works in field Native speaker of: English PRO pts in category: 39