In a reinsurance arrangement, a group of two or more reinsurers who accept risk from a given insurer. TO TOP

Common fund to help insurers mitigate expected high losses from insuring high-risk groups and individuals. A single entity, usually government-run, reimburses all medical claims. Consumers typically pay a uniform tax rather than premiums. Money goes to a single health care trust fund used only for health care expenditures.

See Pool.

an agreement among carriers to share in the operating results (e