Posted on July 20, 2013July 20, 2013
Ordinary Insurance, the premiums for which are collected at the door monthly in the same fashion as Industrial policies.
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(1) In property insurance, a clause under which the Insured shares in losses to the extent that he is underinsured at the time of loss; (2) Where two or more Insurers each have part of the risk under a single insurance policy.
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