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apportionment clause

noun

Definitions of apportionment clause

  • a provision in an agreement with an insurance company stating what portion of any loss will be covered by the insurance company when the property is covered by other agreements with other insurance companies

    "We are of the opinion that the apportionment clause of the policy was effective to limit plaintiff's recovery."

Phrase Bank for apportionment clause

Additional Notes for apportionment clause

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