Contribution by Equal Shares, Glossary and Terms, Automotive, Motorcycle, Boat Dealers

U.S Auto, Moto, Boat Dealers List of United States Automotive, Motorcycle, Boat, Dealers, Service Stations

"Contribution by Equal Shares"

Provision in insurance contracts which requires each company to share equally in the loss until the share of each equals the lowest limit of liability under any policy or the full amount of loss is paid.

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