What does quota share mean?
Definitions for quota share
quo·ta share
This dictionary definitions page includes all the possible meanings, example usage and translations of the word quota share.
Wikipedia
quota share
An import quota is a type of trade restriction that sets a physical limit on the quantity of a good that can be imported into a country in a given period of time. Quotas, like other trade restrictions, are typically used to benefit the producers of a good in that economy (protectionism).
Wikidata
Quota share
A quota share is a specified number or percentage of the allotment as a whole, that is prescribed to each individual entity. For example, the United States imposes an import quota on cars from Japan. The Japanese government may see fit to impose a quota share program to determine the amount of cars each Japanese car manufacturer may export to the United States. Any extra amount that a manufacturer wishes to export must be negotiated with another manufacturer that did not or cannot maximize its share of the quota. Also there are quota share insurance programs. Where the benefit and the premiums are divided proportionally among the insured. For example, three companies take out a $1,000,000 fire insurance policy on a quota share basis with company A assuming 50%, company B 30%, and company C 20%. If the annual premium was $5,000, company A would pay $2,500 in premium, B would pay $1,500, and C would pay $1,000.
Numerology
Chaldean Numerology
The numerical value of quota share in Chaldean Numerology is: 8
Pythagorean Numerology
The numerical value of quota share in Pythagorean Numerology is: 8
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"quota share." Definitions.net. STANDS4 LLC, 2024. Web. 30 Apr. 2024. <https://www.definitions.net/definition/quota+share>.
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