MLchartDataset catalogue

Accept

Term · Insurance and risk management · MLC-T-INS-000285

To agree to provide insurance coverage for a particular risk, typically after evaluating the application and determining that the risk meets the insurer's underwriting guidelines. This action signifies the insurer's willingness to assume the financial responsibility for potential losses as outlined in the policy. The acceptance of a risk leads to the issuance of an insurance contract.

Table 1. Record
IdentifierMLC-T-INS-000285
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-000285",
  "term": "Accept",
  "field": "Insurance and risk management",
  "definition": "To agree to provide insurance coverage for a particular risk, typically after evaluating the application and determining that the risk meets the insurer's underwriting guidelines. This action signifies the insurer's willingness to assume the financial responsibility for potential losses as outlined in the policy. The acceptance of a risk leads to the issuance of an insurance contract.",
  "url": "https://mlchart.com/terminology/insurance/accept/"
}

Record 14 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.