A provision found in almost every insurance policy except Life and sometimes Health stating what is to be done in case any other contract of insurance embraces the same property and/or hazards. See also Nonduplication of Benefits and Apportionment. (G) Outstanding Premiums. Premiums due but not yet collected. (G) Overinsured. A term used to describe the condition that exists when an insured has purchased coverage for more than the actual cash value or replacement cost of a subject of insurance. It is also used to describe a situation where so much insurance is in force as to constitute a moral or morale hazard, such as having so much Disability Income Insurance in force that it becomes profitable to be disabled. (G) Overlapping Insurance. Coverage from two or more policies or insurers which duplicates coverage of certain risks. See also Concurrent Insurance. (G) Overline. stupsertod, stupgr1, stup14site