MLchartDataset catalogue

Closed Basin Lake

Term · Insurance and risk management · MLC-T-INS-000033

A natural lake from which water leaves primarily through evaporation and whose surface area exceeds or has exceeded 1 square mile at any time in the recorded past. NFIP-insured buildings that are subject to continuous lake flooding from a closed basin lake are covered under the provisions of Standard Flood Insurance Policy (SFIP).

Table 1. Record
IdentifierMLC-T-INS-000033
FieldInsurance and risk management
SubjectNational Flood Insurance Program
ReferencesFloodSmart Flood Insurance Glossary; FEMA Glossary
Record as JSON 
{
  "id": "MLC-T-INS-000033",
  "term": "Closed Basin Lake",
  "field": "Insurance and risk management",
  "definition": "A natural lake from which water leaves primarily through evaporation and whose surface area exceeds or has exceeded 1 square mile at any time in the recorded past. NFIP-insured buildings that are subject to continuous lake flooding from a closed basin lake are covered under the provisions of Standard Flood Insurance Policy (SFIP).",
  "subject": "National Flood Insurance Program",
  "references": [
    "FloodSmart Flood Insurance Glossary",
    "FEMA Glossary"
  ],
  "url": "https://mlchart.com/terminology/insurance/closed-basin-lake/"
}

Record 33 of 272 in Insurance and risk management terminology (MLC-0106). Request the full dataset.