limit of liability rule

Definition

A method of apportioning a loss among several insurers that all cover the same property.

Related Videos




http://www.businessdictionary.com/definition/limit-of-liability-rule.html

Today's Top Bulls

72% Bullish
(36 Votes)
70% Bullish
(103 Votes)
69% Bullish
(26 Votes)
Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z