excess insurance

An agreement to indemnify against any loss that exceeds the amount of coverage under another policy.

— Also termed excess policy. Cf. primary insurance. See EXCESS CLAUSE. [Cases: Insurance 2110, 2394.]

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词条贡献者

法律翻译Betty，毕业于英国一流的高级翻译学院，专注翻译各类与新型冠状病毒(COVID-19)有关的法律文件。