Nonconcurrent Apportionment Rules


Definition of "Nonconcurrent apportionment rules"

Luis E  Sanabria real estate agent
Luis E Sanabria, Real Estate Agent Red One Realty

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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