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Nonconcurrency |
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Nonconcurrency A situation in which two insurance policies covering the same thing have different start and end dates. This can be problematic for umbrella insurance because some losses from one's regular insurance may not count toward the limit at which the umbrella policy begins to pay because they operate on different calendars. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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