Guiding Principles

Definition of "Guiding principles"

Joyce Sass<br> " Become another
Joyce Sass
" Become another 'SASSIFIED' customer!"
Hamilton-Franklin 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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