Which term describes the equal sharing of a loss by two or more insurers until the loss is paid, or until each insurer has exhausted its limits of insurance, whichever comes first.

Which term describes the equal sharing of a loss by two or more insurers until the loss is paid, or until each insurer has exhausted its limits of insurance, whichever comes first.



a. Excess insurance


b. Pro rata liability


c. Primary insurance


d. Contribution by Equal Shares



Answer: d. Contribution by Equal Shares

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