concurrent insurance

concurrent insurance
A term, according to some authority, which does not have a definite, precise, meaning in the law of insurance. Globe & Rutgers Fire Ins. Co. v Alaska-Portland Packers' Asso. (CA9 Or) 205 F 32; obviously, meaning "other insurance" on the same risk, in a "concurrent insurance permitted" clause. L'Engle v Scottish Union & Nat. Ins. Co. 48 Fla 82, 37 So 462. See coinsurance; other insurance.

Ballentine's law dictionary. . 1998.

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