Event
Term · Insurance and risk management · MLC-T-INS-001353
An occurrence or incident that can lead to a loss or trigger a policy provision within an insurance contract. This may be a natural disaster, an accident, a theft, or a liability claim. The timing and nature of an event determine coverage and the application of deductibles or limits.
| Identifier | MLC-T-INS-001353 |
|---|---|
| Field | Insurance and risk management |
Record as JSON
{
"id": "MLC-T-INS-001353",
"term": "Event",
"field": "Insurance and risk management",
"definition": "An occurrence or incident that can lead to a loss or trigger a policy provision within an insurance contract. This may be a natural disaster, an accident, a theft, or a liability claim. The timing and nature of an event determine coverage and the application of deductibles or limits.",
"url": "https://mlchart.com/terminology/insurance/event/"
}
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