MLchartDataset catalogue

Accommodation line

Term · Insurance and risk management · MLC-T-INS-000296

A line of insurance that an underwriter agrees to write as a favor to a valued agent or broker, even though the specific risk does not meet the insurer's normal underwriting guidelines. This is done to secure or maintain a larger, more profitable account or a strong business relationship with the producer. The insurer accepts the single substandard risk in the expectation that the overall book of business from that source will remain profitable.

Table 1. Record
IdentifierMLC-T-INS-000296
FieldInsurance and risk management
Record as JSON
{
  "id": "MLC-T-INS-000296",
  "term": "Accommodation line",
  "field": "Insurance and risk management",
  "definition": "A line of insurance that an underwriter agrees to write as a favor to a valued agent or broker, even though the specific risk does not meet the insurer's normal underwriting guidelines. This is done to secure or maintain a larger, more profitable account or a strong business relationship with the producer. The insurer accepts the single substandard risk in the expectation that the overall book of business from that source will remain profitable.",
  "url": "https://mlchart.com/terminology/insurance/accommodation-line/"
}

Record 26 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.