Guiding Principles


Definition of "Guiding principles"

Steve Dalton real estate agent
Steve Dalton, Real Estate Agent Dalton Realty

Title of a published set of rules, adhered to by member companies of major property and liability associations, that stipulate how losses should be adjusted when the same loss is covered by more than one insurance company. Particular emphasis is placed on how the cost of the losses should be apportioned among the companies under various situations.

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