/koh-in-SHOOR-uhns/ – Noun
Definition: Sự chia sẻ rủi ro giữa bên bảo hiểm và người được bảo hiểm.
A more thorough explanation: 1. the joint assumption of risk (=acceptance of responsibility) between multiple insurers
2. the joint assumption of risk (=acceptance of responsibility) between the insurer and the insured party
Example: 1. I would expect the Business Department and the Treasury to implement a similar system of co-insurance by taxpayers.
2. They had to take $4,000 out of their savings to cover the 20% coinsurance owed for Betty’s cancer care.