MLchartDataset catalogue

Delivery

Term · Insurance and risk management · MLC-T-INS-001115

The formal act of transferring an insurance policy document from the insurer to the policyholder, which signifies the policy is in effect and legally binding. This action confirms the acceptance of the insurance contract by both parties. In some jurisdictions, delivery is a prerequisite for the policy to become fully enforceable.

Table 1. Record
IdentifierMLC-T-INS-001115
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-001115",
  "term": "Delivery",
  "field": "Insurance and risk management",
  "definition": "The formal act of transferring an insurance policy document from the insurer to the policyholder, which signifies the policy is in effect and legally binding. This action confirms the acceptance of the insurance contract by both parties. In some jurisdictions, delivery is a prerequisite for the policy to become fully enforceable.",
  "url": "https://mlchart.com/terminology/insurance/delivery/"
}

Record 945 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.