MLchartDataset catalogue

Compulsory insurance

Term · Insurance and risk management · MLC-T-INS-000880

Insurance coverage that is legally mandated by a government or regulatory body for individuals or organizations. The purpose is to protect the public from financial losses caused by specific risks, such as motor vehicle accidents or workplace injuries. Automobile liability insurance is a common form of compulsory insurance in many jurisdictions.

Table 1. Record
IdentifierMLC-T-INS-000880
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-000880",
  "term": "Compulsory insurance",
  "field": "Insurance and risk management",
  "definition": "Insurance coverage that is legally mandated by a government or regulatory body for individuals or organizations. The purpose is to protect the public from financial losses caused by specific risks, such as motor vehicle accidents or workplace injuries. Automobile liability insurance is a common form of compulsory insurance in many jurisdictions.",
  "url": "https://mlchart.com/terminology/insurance/compulsory-insurance/"
}

Record 674 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.