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

双语律师Raymond，亚洲知名法学院法律专业，擅长翻译各类与生物科技与制药相关的法律文件。