English Dictionary

knock-for-knock agreement

名詞

An arrangement between multiple insurance companies in which each company pays the losses incurred by its own policyholders in an event, regardless of who was at fault (now rarely used outside of motor insurance).

日本語の意味

各保険会社が、発生した損失について、責任の所在に関わらず自社の契約者が被った損害を自社で負担する旨の相互合意。 / 主に自動車保険で用いられる、事故が発生した際に各保険会社が自己契約者の損害のみを補償する取り決め。

After the pile-up on the motorway, the insurers relied on a knock-for-knock agreement to simplify claims.

高速道路での玉突き事故の後、保険会社は過失にかかわらず各社が自社契約者の損害を負担する取り決めに頼って、請求手続きを簡素化した。

意味（1）

An arrangement between multiple insurance companies in which each company pays the losses incurred by its own policyholders in an event, regardless of who was at fault (now rarely used outside of motor insurance).

knock-for-knock agreements （ plural ）