gap theory. Insurance. The principle that a tortfeasor will be considered underinsured if his or her liabili-ty-insurance coverage ¡ª although legally adequate ¡ª is less than the injured party’s underinsured-motorist coverage. ? This principle allows an injured party to invoke underinsured-motorist coverage. Cf. EXCESS THEORY. [Cases: Insurance 2787. C.J.S. Insurance ¡ì 1657.]
How do Chinese lawyers translate the term GAP THEORY?
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