Amendment of Insured Contract Definition endorsement

{
  "id": "MLC-T-INS-000403",
  "term": "Amendment of Insured Contract Definition endorsement",
  "field": "Insurance and risk management",
  "definition": "A policy endorsement that modifies the definition of 'insured contract' within a liability insurance policy, such as a Commercial General Liability form. It alters the scope of coverage for liability that the insured assumes under a contract or agreement. The standard Insurance Services Office (ISO) form CG 24 26 is an example that removes automatic coverage for certain agreements, requiring them to be specifically scheduled for coverage to apply.",
  "url": "https://mlchart.com/terminology/insurance/amendment-of-insured-contract-definition-endorsement/"
}