What does Lamb Weston Rule mean? Read on to discover the definition & meaning of the term Lamb Weston Rule - to help you better understand the language used in insurance policies.
Lamb Weston Rule
A rule for apportioning coverage among multiple applicable policies that imposes pro rata sharing of covered losses, regardless of the policies' "other insurance" provisions. Lamb-Weston, Inc. v. Oregon Auto. Ins. Co., 219 Or. 110, 341 P.2d 110 (Or. S. Ct. 1959).
We hope the you have a better understanding of the meaning of Lamb Weston Rule.