triple trigger

triple trigger. Insurance. A theory of coverage providing that all insurers on a risk from the day a claimant is first exposed to an injury-producing product (such as asbestos) — beyond the last exposure — to the date of diagnosis or death, whichever occurs first, must cover the loss. — Also termed continuous trigger. Cf. ACTUAL-INJURY TRIGGER; EXPOSURE THEORY; MANIFESTATION THEORY. [Cases: Insurance 2265. C.J.S. Insurance §§ 429–430.]

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词条贡献者

法律翻译Glen，毕业于英国一流的高级翻译学院，专注翻译各类与交易架构和策略有关的法律文件。