BUREAU INSURER
\bjˈʊ͡əɹə͡ʊ ɪnʃˈʊ͡əɹə], \bjˈʊəɹəʊ ɪnʃˈʊəɹə], \b_j_ˈʊə_ɹ_əʊ ɪ_n_ʃ_ˈʊə_ɹ_ə]\
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Insurance company that is a member of a rating bureau. The insurer usually joins such an organization when its statistical experience in a given line of insurance is not sufficient for it to accurately predict loss experience for that line.
By Henry Campbell Black
Word of the day
Snake's-head
- Guinea-hen flower; -- so called in England because its spotted petals resemble the scales of a snake's head.