Class of business
Term · Insurance and risk management · MLC-T-INS-000783
A specific category of insurance coverage, defined by the type of risk insured or the nature of the policyholder. Examples include property insurance, automobile insurance, general liability, or workers' compensation. Insurers often organize their operations, underwriting, and claims handling by these distinct classes of business.
| Identifier | MLC-T-INS-000783 |
|---|---|
| Field | Insurance and risk management |
Record as JSON
{
"id": "MLC-T-INS-000783",
"term": "Class of business",
"field": "Insurance and risk management",
"definition": "A specific category of insurance coverage, defined by the type of risk insured or the nature of the policyholder. Examples include property insurance, automobile insurance, general liability, or workers' compensation. Insurers often organize their operations, underwriting, and claims handling by these distinct classes of business.",
"url": "https://mlchart.com/terminology/insurance/class-of-business/"
}
Record 560 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.