drop down clause

drop-down clause. Insurance. An insurance-policy provision requiring an excess insurer to provide coverage to the insured even though the underlying coverage has not been exhausted, usu. because the underlying insurers are insolvent. [Cases: Insurance 2396.]
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资深译员Jenny,毕业于欧洲顶尖的高级翻译学院,擅长翻译涉及体育和运动场馆领域的法律文件。
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