MLchartDataset catalogue

Contribution by equal shares

Term · Insurance and risk management · MLC-T-INS-000960

A method of apportioning liability among multiple insurers when two or more policies cover the same loss. Each insurer pays an equal share of the loss until the share paid by any insurer equals its policy limit. The remaining insurers then contribute equally to the remaining loss until their limits are reached.

Table 1. Record
IdentifierMLC-T-INS-000960
FieldInsurance and risk management
SubjectCommercial Liability
Record as JSON 
{
  "id": "MLC-T-INS-000960",
  "term": "Contribution by equal shares",
  "field": "Insurance and risk management",
  "definition": "A method of apportioning liability among multiple insurers when two or more policies cover the same loss. Each insurer pays an equal share of the loss until the share paid by any insurer equals its policy limit. The remaining insurers then contribute equally to the remaining loss until their limits are reached.",
  "subject": "Commercial Liability",
  "url": "https://mlchart.com/terminology/insurance/contribution-by-equal-shares/"
}

Record 775 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.