Assignee
Term · Insurance and risk management · MLC-T-INS-000458
The party to whom rights or benefits under an insurance policy are transferred by another party, known as the assignor. This transfer typically occurs with the consent of the insurer and can involve the right to receive claim payments or ownership of the policy itself. The assignee assumes the rights previously held by the assignor.
| Identifier | MLC-T-INS-000458 |
|---|---|
| Field | Insurance and risk management |
Record as JSON
{
"id": "MLC-T-INS-000458",
"term": "Assignee",
"field": "Insurance and risk management",
"definition": "The party to whom rights or benefits under an insurance policy are transferred by another party, known as the assignor. This transfer typically occurs with the consent of the insurer and can involve the right to receive claim payments or ownership of the policy itself. The assignee assumes the rights previously held by the assignor.",
"url": "https://mlchart.com/terminology/insurance/assignee/"
}
Record 200 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.