collective policy - definition in the Business English Dictionary - Cambridge Dictionaries Online

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English definition of “collective policy”

collective policy

noun [C]
 
 
INSURANCE
an insurance agreement that insures two or more people, companies, etc.: All researchers are covered against the risks of accident by a collective policy.
an insurance agreement in which two or more companies provide insurance for a particular risk
(Definition of collective policy from the Cambridge Business English Dictionary © Cambridge University Press)
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