noun
: a law requiring insurance companies to pay to the insured in case of total loss the full amount of the insurance regardless of the actual value of the property at the time of the loss
noun
: a law requiring insurance companies to pay to the insured in case of total loss the full amount of the insurance regardless of the actual value of the property at the time of the loss
Webster's New International English Dictionary. Новый международный словарь английского языка Webster. 2012