1 2 3 4 5 7 8 A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
C. Ca Cb Cc Cd Ce Cf Cg Ch Ci Cl Cm Co Cp Cr Cs Cu Cy

Concurrency

Condition which exists where two or more Insurance policies cover the same property in the same manner and subject to identical conditions. though, they may differ in amount or Policy dates. If an insured has a Policy covering the entire contents of a building and another Policy covering only a stock of merchandise in that building there is no concurrency because the property covered by the two policies is not identical.
***
Coordination of the coverage, terms, and conditions of a reinsurance agreement with those of a contract reinsured or between reinsurance agreements. Reinsurance agreements are said to be concurrent when there are no gaps or overlaps.
***
UK: Means that members of an occupational pension scheme may contribute concurrently, subject to conditions, up to £3,600 each year into a stakeholder or personal pension. The contribution limits for occupational schemes remain the same, i.e. 15 per cent of remuneration, but contributions to a stakeholder/personal pension are capped at £3,600 gross (£2,808 net) for 2001/2002.
***
When two policies provide the same coverage for the same risk.

Concurrent care

Provision of similar services (e.g., hospital visits) to the same patient by more than one physician on the same day. Usually there is the presence of a separate physical disorder, but it is possible they may be providing care for the same diagnosis on the same day. When concurrent care is provided, the diagnosis must reflect the medical necessity of different specialties. Also called concurrent medical care.

Concurrent causation

US: (1) A tort doctrine that imposes joint liability on two or more parties if their negligence combines to produce the same loss. (2) In property insurance, this term refers to a situation where there is a mixture of covered and uncovered perils acting together (either in sequence or simultaneously) to produce the same property damage. In the early 1980s, lower courts in California misapplied tort concepts to the interpretation of first-party property policies and held that, in “concurrent causation” claims, the property insurer is liable so long as one of the causes is covered by the policy. As a result, these courts refused to enforce flood or earthquake exclusions if there was an unexcluded factor contributing to the loss, such as zoning decisions or the negligence of a contractor. In response, insurers added so-called anti-concurrent causation (ACC) language to standard homeowners, commercial property, and other first-party property policy forms to combat this line of thinking. (3) In liability insurance, this term is occasionally used to refer to a situation where there are two or more causes of action asserted in the complaint against the insured, any one of which would be sufficient by itself to hold the insured liable, but some of the causes of action are covered and some are not. In that situation, the liability insurer must defend the entire complaint.
***
A legal doctrine in property insurance that makes the insurer liable for damage when property is damaged by two causes, one of which is excluded and the other covered.
***
A loss brought about by at least two events. In recent years, concurrent causation has been controversial as one event may be covered but the other not covered.
***
US: Legal doctrine that states when a property loss is due to two causes, one that is excluded and one that is covered, the policy provides coverage.
***
When two perils contribute concurrently to a property loss, one excluded and the other not, the effect of the exclusion tends to be voided in a policy covering on an open perils basis. A concurrent causation exclusion is found in current forms.

Concurrent causes

Two or more causes operating together to produce the loss. If an insured peril combines with an excepted peril and the effects cannot be separated, the excepted peril applies. If an insured peril combines with an uninsured peril, the insured peril applies unless the insurer has modified the operation of proximate cause by covering ‘losses solely and independently’ caused by the insured peril as in the case of personal accident policies. See CONSECUTIVE CAUSES.
***
Causes of a loss which occur together.

Concurrent condition

Disorder that coexists with the primary condition, complicating the treatment and management of the primary disorder. It may alter the course of treatment required or lengthen the expected recovery time of the primary condition. It is also referred to as comorbidity or comorbidity condition.

Concurrent insurance

Cover of the same particular risk under two or more policies although they may vary in amount or policy period.
***
Where two or more Insurance policies which cover the same property in the same manner and subject to identical conditions though they may differ in amount or Policy dates.