Apportionment

Apportionment,

Definition of Apportionment:

  1. Legal: Distribution of assets and / or liabilities in accordance with the rights and interests of interested parties.

  2. Economy: Distribution and distribution according to a plan or formula.

  3. Accounting: The distribution of products and expenses in a certain proportion is different from the distribution between two or more accounts, departments or units.

  4. This grouping applies to many contexts. In insurance, distribution is the distribution of claims between insurance companies that insure a property. This distribution is used to determine the percentage of liability for each insurer. For example, three insurers, each covering an asset of 60 60,000 to 120 120,000, will receive 50% of the compensation if the assets are destroyed. Benefits can also be applied to real estate, employee benefits or a portion of financial benefits.

  5. The contract often applies to different or fake insurance situations, where two or more insurance policies are drawn up with the same insured, interest, subject and risk. The assignment is usually in the assignment clause or other insurance clause, which is usually part of the relevant insurance policy.

How to use Apportionment in a sentence?

  1. This may be related to the distribution of property or economic benefits.
  2. When two or more insurance policies are taken out with insurance, supplements are applied more frequently.
  3. When dividing your previous income, you must have a good accountant to correct it.
  4. The package has been distributed between the parties as per the distribution agreement and it has been ordered under a recent court decision.
  5. If you need to distribute a portion of your earnings through rations, you will make sure that everyone gets their fair share easily.
  6. The division describes the distribution of losses among all the insurance companies that insure the property.

Meaning of Apportionment & Apportionment Definition

Apportionment,

What is The Definition of Apportionment?

  1. The question is how much of each of these two or more policies contributes to the risk posed by this loss. In work accident insurance, this means that liability is shared between different agencies in the event of an illness at work. In general, this means dividing them into a group of employers who, when hired, are exposed to the conditions that cause the disease. It could also mean sharing responsibilities between the employer and the fund, such as a second accident fund, which pays off part of the claim due to a previous illness.

  2. Apportionment definition is: Assignment is a legal term that refers to the transfer of losses between insurance companies. This is a process in which it is the responsibility of each insurer to determine the percentage of coverage for which he is responsible and to pay the same insurance for the loss of insurance.

  3. Proportional sharing of losses between two or more insurers that bear the same loss.

  4. Definition of Apportionment: Determine the extent to which each applicable policy should cover losses when two or more policies have the same disadvantage. The loss paid through a partnership agreement is called a partnership. In the event of a loss of 16 16,000 participating in proportion to two competing policies, one policy (A) will be claimed for $ 35,000 and the other (B) for $ 45,000, of applicable insurance. Total amount 80,000. Policy A pays 35/80 (7/16) out of a loss of $ 16,000 or 000 7,000. Policy B pays 45/80 (9/16) or $ 9,000 of the loss ($ 45,000). In this example, the process is called proteged and the amount of damage paid for each policy is called premium.

Meanings of Apportionment

  1. The process or result of distributing something.

Sentences of Apportionment

  1. Blame game

Synonyms of Apportionment

sharing, distribution, dispensation, allocation, allotment, assigning, division

Apportionment,

What is Apportionment?

  1. The question is how much each of the two or more risky policies contributed to the loss. In work accident insurance, the responsibility for occupational illness is divided between several carriers. Generally, this means being divided into groups of employers where the worker faces conditions that contribute to the disease. It can also mean the division of responsibilities between the employer and the employer and the payment of a portion of the claim, like other claims, which can be attributed to a previous illness.

  2. You can define Apportionment as, Assignment is a legal term that describes the transfer of claims between all the insurers who have insured those claims. It is a matter of loyalty to each insurer to determine the percentage of coverage they are responsible for and the percentage they have to pay for the insured's claim.

  3. A simple definition of Apportionment is: Proportional sharing of losses between two or more insurers that incur the same loss.

  4. Apportionment refers to Determine the extent to which each applicable policy will cover losses when two or more policies carry the same losses. Part of the loss paid by the distribution policy is called partnership. For losses of $ 16,000, one (A) $ 35,000 and the other (B) $ 45,000, with two competitive policies on an equal basis, the total amount of applicable loss insurance is $ 80,000. Policy A pays 35/80 (7/16) of the loss of $ 16,000 or $ 7,000. Policy B pays 45/80 (9/16) or $ 9,000 of the loss ($ 45,000). In this example, the process is called protracted and the amount of damage paid for each policy is called a contribution.

Sentences of Apportionment

  1. Error distribution

Synonyms of Apportionment

carving up, parcelling out, slicing up, splitting, divvying up, ration

Apportionment,

What is The Meaning of Apportionment?

  • Apportionment can be defined as, The question is how much each of the two or more policies that support the risk contributed to the damage. In Work Accident Insurance, it is the division of responsibility for work-related illnesses between several operators. Generally, this means placing you in an employer's group at a workplace where the worker has encountered a condition that causes illness. This can mean the division of responsibilities between the employer and the employer and, like other claims, the payment of the part of the claim that can be attributed to a previous illness.

  • Proportional sharing of losses between two or more insurers bearing the same loss.

  • Determine the extent to which each applicable policy must cover the losses when two or more policies face the same loss. Part of the loss paid by the distribution policy is called partnership. Based on estimates, with two competitive policies for a loss of $ 16,000, one (A) is $ 35,000 and the other (B) is $ 45,000, the total amount of applicable loss insurance is $ 80,000. Policy A pays 35/80 (7/16) of the loss of $ 16,000 or $ 7,000. Policy B pays 45/80 (9/16) or $ 9,000 of the loss ($ 45,000). In this example, the process is called prohibited and the amount of compensation paid for each policy is called contribution.