Nonconcurrency financial definition of 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.
References in periodicals archive
One might argue that the results do not allow to conclude whether higher rates of-IBCs are a function of the continuing exposure to the metacontingency, or the alternation of concurrency/ nonconcurrency
These inconsistencies may lead to coverage gaps, duplication or nonconcurrency
of terms and conditions.
prominent-verticality of relationships and nonconcurrency
of use and
The accuracy of the analyses implemented in the Ace compiler would be enhanced if we were to augment them with nonconcurrency
analysis [Masticola and Ryder 1993].