pro rata clause

pro rata clause. An insurance-policy provision — usu. contained in the “other insurance” section of the policy — that limits the insurer’s liability to payment of the portion of the loss that the face amount of the policy bears to the total insurance available on the risk. — Also termed pro rata distribution clause. Cf. ESCAPE CLAUSE; EXCESS CLAUSE. [Cases: Insurance 2111(2), 2112.]

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词条贡献者

双语律师Philipp，国际知名法学院法律专业，擅长翻译各类与医疗保健相关诉讼相关的法律文件。