MLchartDataset catalogue

Contingent insurance

Term · Insurance and risk management · MLC-T-INS-000931

Coverage that provides protection only if another primary insurance policy fails to respond or is insufficient to cover a loss. This type of policy acts as a secondary layer of protection, becoming active under specific conditions. It is often used in situations where the primary insurer becomes insolvent or denies coverage for a valid claim.

Table 1. Record
IdentifierMLC-T-INS-000931
FieldInsurance and risk management
SubjectCommercial Liability
Record as JSON 
{
  "id": "MLC-T-INS-000931",
  "term": "Contingent insurance",
  "field": "Insurance and risk management",
  "definition": "Coverage that provides protection only if another primary insurance policy fails to respond or is insufficient to cover a loss. This type of policy acts as a secondary layer of protection, becoming active under specific conditions. It is often used in situations where the primary insurer becomes insolvent or denies coverage for a valid claim.",
  "subject": "Commercial Liability",
  "url": "https://mlchart.com/terminology/insurance/contingent-insurance/"
}

Record 731 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.