pro rata clause
pro rata clause n: a clause in an insurance policy limiting an insurer's liability for a loss to a proportionate share in relation to coverage collectible from other insurers for the same loss – called also pro rata liability clause, standard other insurance clause;

Merriam-Webster’s Dictionary of Law. . 1996.

Look at other dictionaries:

  • pro rata clause — A clause in an insurance policy, otherwise known as a proportionate recovery clause, to the effect that the insurer shall not be liable for any greater proportion of any loss which may occur than the amount named in the policy shall bear to the… …   Ballentine's law dictionary

  • pro rata — /prow reyta/ Proportionately; according to a certain rate, percentage, or proportion. According to measure, interest, or liability. According to a certain rule or proportion. For example, if a corporation has ten shareholders each of whom owns… …   Black's law dictionary

  • standard other insurance clause — standard oth·er insurance clause n: pro rata clause Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • proportionate recovery clause — Same as pro rata clause …   Ballentine's law dictionary

  • escalation clause — USA escalation clause, Also known as a stop clause or participation clause. In a commercial lease, a provision that requires the tenant to pay its pro rata share of increases in building costs, such as real estate taxes and operating expenses.… …   Law dictionary

  • stop clause — USA escalation clause, Also known as a stop clause or participation clause. In a commercial lease, a provision that requires the tenant to pay its pro rata share of increases in building costs, such as real estate taxes and operating expenses.… …   Law dictionary

  • participation clause — USA escalation clause, Also known as a stop clause or participation clause. In a commercial lease, a provision that requires the tenant to pay its pro rata share of increases in building costs, such as real estate taxes and operating expenses.… …   Law dictionary

  • Cancellation Provision Clause — It is a provision in an insurance policy that permits an insurer or an insurance company to cancel a property and casualty or a health insurance policy at any time before its expiration date. Life insurance policies do not contain cancellation… …   Investment dictionary

  • insurance — A contract whereby, for a stipulated consideration, one party undertakes to compensate the other for loss on a specified subject by specified perils. The party agreeing to make the compensation is usually called the insurer or underwriter; the… …   Black's law dictionary

  • insurance — A contract whereby, for a stipulated consideration, one party undertakes to compensate the other for loss on a specified subject by specified perils. The party agreeing to make the compensation is usually called the insurer or underwriter; the… …   Black's law dictionary

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