• Under co-insurance, private brokers assume 20% of the risk in insuring mortgages for multi-family apartment blocks, and the federal government is responsible for the remainder.
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We've also seen employers moving away from copayment to coinsurance plans.
In some instances, state or federal law may dictate that some risks must be jointly insured by several coinsurers in order to adequately diversify the risk of a possible large claim. Coinsurers will share in any claim or loss for the proportionate amount of risk that they take on.