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Từ vựng:

apportionment clause

Giải nghĩa:

/əˈpɔːrʃənmənt klɔːz/ – Phrase


Definition: Phân phối quyền lợi hoặc trách nhiệm giữa các bên.

A more thorough explanation: a provision in an agreement with an insurance company stating what portion of any loss will be covered by the insurance company when the property is covered by other agreements with other insurance companies

Example: We are of the opinion that the apportionment clause of the policy was effective to limit plaintiff’s recovery.

 

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