8e45597f_ossary___MicroInsurance_Centre__Term
[Definition] Mechanism, used by insurers to share risk with policyholders and reduce moral hazard, which establishes a formula for dividing the payment of losses between the insurer and the policyholder. For example, a co-payment arrangement might require a policyholder to pay 30% of all losses while the insurer covers the remainder. [Term] 
Co-payment
Glossary - MicroInsurance Centre
Term