Common use of Method of Sharing Clause in Contracts

Method of Sharing. If all self-insurance/insurance permits contribution by equal shares, we will follow this method also. Under this approach, each insurer/self-insurer and we contribute equal amounts until each has paid its applicable limit or none of the loss remains, whichever comes first. If any self-insurance/insurance does not permit contribution by equal shares, we will contribute by limits. Under this method, each insurer’s/self-insurer's share and our share is based on the ratio of the applicable limit for each insurer/self-insurer and us to the total applicable limits available from all insurers/self-insurers and us.