MLchartDataset catalogue

Deposit policy

Term · Insurance and risk management · MLC-T-INS-001131

An insurance policy where the premium is initially estimated and a deposit is paid, with the final premium adjusted later based on actual exposures or experience. This arrangement is used for risks where the exposure base, such as payroll or sales, is not precisely known at the policy's inception. The final premium calculation occurs at the end of the policy period through an audit.

Table 1. Record
IdentifierMLC-T-INS-001131
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-001131",
  "term": "Deposit policy",
  "field": "Insurance and risk management",
  "definition": "An insurance policy where the premium is initially estimated and a deposit is paid, with the final premium adjusted later based on actual exposures or experience. This arrangement is used for risks where the exposure base, such as payroll or sales, is not precisely known at the policy's inception. The final premium calculation occurs at the end of the policy period through an audit.",
  "url": "https://mlchart.com/terminology/insurance/deposit-policy/"
}

Record 945 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.