Author Pearson, R. Published in COVER Magazine February 2005. Rod Pearson examines cover under South African policies for tsunami caused by Earthquake, Volcanic Eruption, Convulsions of Nature, Submarine Landslide and Meteorite.
Co-insurance is an arrangement whereby two or more insurers share the insurance of a particular risk, each acting as a direct underwriter. This arrangement may be effected by each insurer issuing its own policy for its own proportion, or as is more often the case, by participating in a collective policy.