excess theory

excess theory. Insurance. The principle that a tortfeasor will be considered underinsured if the injured party’s damages exceed the tortfeasor’s liability-insurance coverage. • This principle allows an injured party to invoke underinsured-motorist coverage. Cf. GAP THEORY. [Cases: Insurance 2787. C.J.S. Insurance § 1657.]

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词条贡献者

法律翻译Johnny，毕业于新加坡知名法学院，专注翻译各类与劳动、雇佣和福利有关的法律文件。