Break point

{
  "id": "MLC-T-INS-000609",
  "term": "Break point",
  "field": "Insurance and risk management",
  "definition": "A predetermined threshold or level at which a change occurs in the calculation of premiums, commissions, or other financial terms in an insurance contract or program. For example, a break point might trigger a lower premium rate for coverage exceeding a certain amount, or a higher commission percentage for sales above a specific volume. These points are negotiated to incentivize larger transactions or volumes.",
  "url": "https://mlchart.com/terminology/insurance/break-point/"
}