Association group
Term · Insurance and risk management · MLC-T-INS-003592
A collection of individuals or entities that share a common interest or affiliation and are eligible to purchase insurance coverage as a group. This arrangement often allows members to obtain insurance at lower rates or with broader coverage than they could individually, due to the larger risk pool. Examples include professional organizations or trade associations.
| Identifier | MLC-T-INS-003592 |
|---|---|
| Field | Insurance and risk management |
Record as JSON
{
"id": "MLC-T-INS-003592",
"term": "Association group",
"field": "Insurance and risk management",
"definition": "A collection of individuals or entities that share a common interest or affiliation and are eligible to purchase insurance coverage as a group. This arrangement often allows members to obtain insurance at lower rates or with broader coverage than they could individually, due to the larger risk pool. Examples include professional organizations or trade associations.",
"url": "https://mlchart.com/terminology/insurance/association-group/"
}
Record 220 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.