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Contra proferentem rule

Term · Insurance and risk management · MLC-T-INS-000939

A legal principle stating that any ambiguity in a contract should be interpreted against the party who drafted it. In insurance, this means that if a policy's language is unclear, it will be construed in favor of the policyholder and against the insurer. This rule aims to protect policyholders who typically have less bargaining power in drafting insurance contracts.

Table 1. Record
IdentifierMLC-T-INS-000939
FieldInsurance and risk management
SubjectCommercial Liability
Record as JSON 
{
  "id": "MLC-T-INS-000939",
  "term": "Contra proferentem rule",
  "field": "Insurance and risk management",
  "definition": "A legal principle stating that any ambiguity in a contract should be interpreted against the party who drafted it. In insurance, this means that if a policy's language is unclear, it will be construed in favor of the policyholder and against the insurer. This rule aims to protect policyholders who typically have less bargaining power in drafting insurance contracts.",
  "subject": "Commercial Liability",
  "url": "https://mlchart.com/terminology/insurance/contra-proferentem-rule/"
}

Record 753 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.