Declaratory judgment

{
  "id": "MLC-T-INS-001088",
  "term": "Declaratory judgment",
  "field": "Insurance and risk management",
  "definition": "A court's authoritative statement that clarifies the legal rights and obligations of parties in a dispute, without ordering any specific action or awarding damages. In insurance, insurers or policyholders may seek a declaratory judgment to determine coverage obligations or policy interpretations before a claim escalates to a full lawsuit. It provides legal certainty on a specific issue.",
  "url": "https://mlchart.com/terminology/insurance/declaratory-judgment/"
}