Glossary entry

Spanish term or phrase:

'seguro acogido al defensor del asegurado'

English translation:

(insurance) contract covered under the insurance ombudsman bureau scheme

Added to glossary by Alicia Jordá
May 7, 2004 19:04
20 yrs ago
7 viewers *
Spanish term

'seguro acogido al defensor del asegurado'

Spanish to English Other Real Estate legal contract
This is on the advertisement of a Spanish reinsurance company.

Proposed translations

+1
25 mins
Selected

(insurance) contract covered under the insurance ombudsman bureau

Eurodicautom:

Subject Insurance (AS)




(1)
TERM oficina del defensor del asegurado



(1)
TERM insurance ombudsman bureau

Peer comment(s):

agree KirstyMacC (X) : under the ins. ombud. scheme
2 hrs
yes, more accurate thanks Counsel, regards!
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4 KudoZ points awarded for this answer. Comment: "Thanks very much"
+1
6 mins

insurance taken out to protect the insurer

which is what reinsurance is all about....
Peer comment(s):

agree ojinaga
4 hrs
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1 hr

insurance taken out to protect the insured

"asegurado" = "insured" and NOT "insurer", and whilst Marian's comment to her answer is correct, reinsurance does also protect the insured, since, if the insurer does not have any reinsurance and cannot pay the claim because of financial diccifulties, then the insured could well lose out.

20+ years experience in international insurance.

HTH
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