MLchartDataset catalogue

Declination

Term · Insurance and risk management · MLC-T-INS-001090

The formal refusal by an insurance company to issue a policy to an applicant. An underwriter makes this decision after assessing the applicant's risk profile and concluding that the risk is too high to be acceptable under the company's guidelines. Reasons for declination include poor health, a dangerous occupation, or a history of frequent claims.

Table 1. Record
IdentifierMLC-T-INS-001090
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-001090",
  "term": "Declination",
  "field": "Insurance and risk management",
  "definition": "The formal refusal by an insurance company to issue a policy to an applicant. An underwriter makes this decision after assessing the applicant's risk profile and concluding that the risk is too high to be acceptable under the company's guidelines. Reasons for declination include poor health, a dangerous occupation, or a history of frequent claims.",
  "url": "https://mlchart.com/terminology/insurance/declination/"
}

Record 916 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.