Date of issue
Term · Insurance and risk management · MLC-T-INS-001075
The specific calendar date on which an insurance policy is officially put into effect and becomes legally binding. This date marks the beginning of the policy period and is used to determine policy anniversaries, premium due dates, and the calculation of certain policy benefits or waiting periods. It is distinct from the application date or the effective date of coverage.
| Identifier | MLC-T-INS-001075 |
|---|---|
| Field | Insurance and risk management |
Record as JSON
{
"id": "MLC-T-INS-001075",
"term": "Date of issue",
"field": "Insurance and risk management",
"definition": "The specific calendar date on which an insurance policy is officially put into effect and becomes legally binding. This date marks the beginning of the policy period and is used to determine policy anniversaries, premium due dates, and the calculation of certain policy benefits or waiting periods. It is distinct from the application date or the effective date of coverage.",
"url": "https://mlchart.com/terminology/insurance/date-of-issue/"
}
Record 900 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.