MLchartDataset catalogue

Breach

Term · Insurance and risk management · MLC-T-INS-000604

A failure to fulfill an obligation or duty specified in a contract, agreement, or legal standard. In insurance, a breach of contract by either the insurer or the insured can lead to legal action or policy voidance. A common example is the failure to pay premiums or to disclose material facts.

Table 1. Record
IdentifierMLC-T-INS-000604
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-000604",
  "term": "Breach",
  "field": "Insurance and risk management",
  "definition": "A failure to fulfill an obligation or duty specified in a contract, agreement, or legal standard. In insurance, a breach of contract by either the insurer or the insured can lead to legal action or policy voidance. A common example is the failure to pay premiums or to disclose material facts.",
  "url": "https://mlchart.com/terminology/insurance/breach/"
}

Record 376 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.