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Meaning of “collective policy” in the English Dictionary

"collective policy" in Business English

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collective policynoun [C]

uk   us   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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“collective policy” in Business English

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