Home > Glossary

Vertical Exhaustion Rule

Vertical Exhaustion Rule

Definition

Legal theory that allows an insured with multiple primary and excess policies covering a common risk to seek coverage from an excess insurer as long as the insurance policies immediately beneath that policy, as identified in the excess policy's declaration page, have been exhausted, regardless of whether other primary insurance may apply.

Related Terms

Related Products

Navigation

Social Media

User ID: Subscriber Status:Free