concurrent policy

One of two or more insurance policies that cover the same risk.

• Concurrent insurance policies are stated in almost identical terms so that liability can be apportioned between the insurers. [Cases: Insurance 2107.]

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词条贡献者

法律翻译Bernardine，毕业于新加坡知名法学院，专注翻译各类与文娱与体育有关的法律文件。