A Pro Rata Clause Requires That All Carriers Proportionately Share

question 12

True/False

A pro rata clause requires that all carriers proportionately share in any loss.

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Definitions:

Administrative Law Judge

An official who presides over government agency hearings, making decisions on disputes, regulations, or rights.

Administrative Action

Proceedings and activities carried out by government agencies to enforce laws, regulations, and policies.

Final Order

The final decision of an administrative agency on an issue. If no appeal is taken, or if the case is not reviewed or considered anew by the agency commission, the administrative law judge’s initial order becomes the final order of the agency.

Federal Agencies

Entities established by the United States government to oversee and manage specific tasks and duties outlined by federal laws.