A proximate cause is the immediate cause that resulted in the observed reaction. The ultimate cause is the original event that started the chain of events that led to the obse â¦ rved reaction. For example, if a person is observed to fall, the proximate cause of the fall might be tripping over an object.
Coinsurance. Coinsurance is a health care cost sharing between you and your insurance company. The cost sharing ranges from 80/20 to even 50/50. For example, if your coinsurance is 80/20, that means that your insurer covers 80% of annual medical expenses and you pay the remaining 20%. The cost sharing stops when medical expenses reach your out-of-pocket maximum, which usually is between $1,000 and $5,000.
Reinsurance is insurance that is purchased by an insurance company. In the classic case, reinsurance allows insurance companies to remain solvent after major claims events, such as major disasters like hurricanes and wildfires. In addition to its basic role in risk management, reinsurance is sometimes used for tax mitigation and other reasons. The company that purchases the reinsurance policy is called a ceding company or cedent or cedant under most arrangements. The company issuing the re