Definitions for "Subscription Policy"
An insurance policy which states two or more insurance companies that are sharing the risk.
( police en co assurance) A single insurance policy in which two or more insurance companies may all take a portion of the risk. It indicates on the policy, the proportion to be borne by each company. It is usually issued by the company taking the largest percentage and signed by or on behalf of the other insurers.
A policy whose risks are shared by two or more insurers.