Nonconcurrent Apportionment Rules


Definition of "Nonconcurrent apportionment rules"

Wendy Katz real estate agent
Wendy Katz, Real Estate Agent Houlihan Lawrence

Standards used to determine claims payments in cases of overlapping property/liability insurance coverage. At one time, each type of insurance had its own rules to govern claims where more than one policy provided coverage. In 1963, several property/casualty industry groups agreed on a set of principles to be used in apportioning claims among insurers.

 

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