Method of Sharing. (1) Should other insurance coverage state they are excess, each policy shall contribute equal amounts until it has paid its applicable limit of insurance or none of the loss remains, which ever comes first. (2) Should other insurance specifically not permit contribution by equal shares, this policy shall contribute by limits. Each policy share will be based on the ratio of its applicable limit of insurance to the total applicable limits of insurance coverage of all insurers.
Appears in 9 contracts
Samples: Pollution Liability Insurance Policy, Pollution Liability Insurance Policy, Pollution Liability Insurance Policy
Method of Sharing. (1) Should other insurance coverage coverages state they are excessexcess in conjunction with this policy, each policy shall contribute equal amounts until it has paid its applicable limit of insurance or none of the loss remains, which ever whichever comes first.
(2) Should other insurance specifically not permit contribution by equal shares, this policy shall contribute by limits. Each policy share will be based on the ratio of its applicable limit of insurance to the total applicable limits of insurance coverage of all insurers.
Appears in 1 contract
