Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Other-insurance provisions usually state that the insurer will pay no more than a proportion of the loss equivalent to the insurer's share of the total
Other-insurance provisions usually state that the insurer will pay no more than a proportion of the loss equivalent to the insurer's share of the total limit of liability among all policies in effect. This is referred to as the proportional-share method, the pro-rata share method, or Available answer options Select only one option A The shared responsibility method. B The overlapping coverage method. C Contribution by limits. D The primary/excess method
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started