Administrative order
Term · Insurance and risk management · MLC-T-INS-000333
A directive issued by a governmental administrative agency that requires an individual or entity to take or refrain from taking a specific action. In insurance, these orders can be issued by state insurance departments to address violations of insurance laws or regulations. Non-compliance can result in penalties or license revocation.
| Identifier | MLC-T-INS-000333 |
|---|---|
| Field | Insurance and risk management |
Record as JSON
{
"id": "MLC-T-INS-000333",
"term": "Administrative order",
"field": "Insurance and risk management",
"definition": "A directive issued by a governmental administrative agency that requires an individual or entity to take or refrain from taking a specific action. In insurance, these orders can be issued by state insurance departments to address violations of insurance laws or regulations. Non-compliance can result in penalties or license revocation.",
"url": "https://mlchart.com/terminology/insurance/administrative-order/"
}
Record 64 of 3,682 in Insurance and risk management terminology (MLC-0106). Request the full dataset.