|
Insurance "law" varies from state to state but in general it is legal. It is very common in life insurance. Not so much on the property/casualty side. The question on the P/C side is will the insurance companies knowingly do it? It's possible you could get one company to write say liability and a second to cover comp/coll on a car. I think you will find it very difficult to find two companies willing to split the same line such as each covering $500,000.00 in liability. If by chance it does happen they will be responsible for their respective percentages of the loss.
|