Other insurance clause

{
  "id": "MLC-T-INS-002443",
  "term": "Other insurance clause",
  "field": "Insurance and risk management",
  "definition": "A provision in an insurance policy that specifies how the policy will respond when other insurance policies also cover the same loss. These clauses aim to prevent an insured from collecting more than the actual loss from multiple insurers. Common types include pro rata, excess, and primary clauses, which determine the order and proportion of payment among policies.",
  "url": "https://mlchart.com/terminology/insurance/other-insurance-clause/"
}