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Showing 1 to 2 of 2 for “"Average clause"”.
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Under-insurance and the effect of the average clause on insurance contracts
… common practice under insurers to insert an average clause into insurance contracts to protect themselves in instances of under-insurance. The average clause today is a standard term that forms part of insurance contracts that can have a negative effect on an insured if they are not aware of …
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Mississippi’s First Statewide Teachers’ Strike
… strike in 1985 because of the Southeastern pay average clause recommending that the teachers’ pay should reach the average of the southeastern states, if possible. The teachers’ associations in Mississippi used this clause to lobby and promote teachers’ pay to that average. However, after two …