Where two or more insurers properly pay out funds against a loss to an insured,it is as result of

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When two or more insurers properly pay out funds against a loss to an insured, it is known as contribution. This occurs when multiple insurance policies cover the same loss, and each insurer pays a portion of the claim according to their policy limits. The purpose of contribution is to ensure that the insured is not overcompensated for the loss, and to distribute the cost of the claim among the insurers involved.

Where Two or More Insurers Properly Pay Out Funds Against