Classification limitation

Term · Insurance and risk management · MLC-T-INS-000787

An endorsement on a liability policy that restricts coverage to activities specifically described in the policy's classifications schedule. This endorsement explicitly excludes coverage for any operations or activities that are not listed and rated within the policy declarations. Its application prevents the policy from responding to claims arising from new or undisclosed ventures undertaken by the insured during the policy term.

Table 1. Record
Identifier	MLC-T-INS-000787
Field	Insurance and risk management
Subject	Commercial Liability

Record as JSON

{
  "id": "MLC-T-INS-000787",
  "term": "Classification limitation",
  "field": "Insurance and risk management",
  "definition": "An endorsement on a liability policy that restricts coverage to activities specifically described in the policy's classifications schedule. This endorsement explicitly excludes coverage for any operations or activities that are not listed and rated within the policy declarations. Its application prevents the policy from responding to claims arising from new or undisclosed ventures undertaken by the insured during the policy term.",
  "subject": "Commercial Liability",
  "url": "https://mlchart.com/terminology/insurance/classification-limitation/"
}

Record 564 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.