MLchartDataset catalogue

Claim

Term · Insurance and risk management · MLC-T-INS-000756

A formal request made by an insured to an insurance company for payment or reimbursement under the terms of an insurance policy. This request typically follows an event or loss covered by the policy, such as property damage, bodily injury, or a death. The insurer then evaluates the claim to determine its validity and the amount payable, based on policy provisions and applicable laws.

Table 1. Record
IdentifierMLC-T-INS-000756
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-000756",
  "term": "Claim",
  "field": "Insurance and risk management",
  "definition": "A formal request made by an insured to an insurance company for payment or reimbursement under the terms of an insurance policy. This request typically follows an event or loss covered by the policy, such as property damage, bodily injury, or a death. The insurer then evaluates the claim to determine its validity and the amount payable, based on policy provisions and applicable laws.",
  "url": "https://mlchart.com/terminology/insurance/claim/"
}

Record 532 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.