MLchartDataset catalogue

First-party insurance

Term · Insurance and risk management · MLC-T-INS-001534

Insurance that directly compensates the policyholder for their own losses or damages, rather than for liability to a third party. Examples include property insurance, auto physical damage coverage, and health insurance. The claim is paid directly to the insured for covered events, such as damage to their home or medical expenses.

Table 1. Record
IdentifierMLC-T-INS-001534
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-001534",
  "term": "First-party insurance",
  "field": "Insurance and risk management",
  "definition": "Insurance that directly compensates the policyholder for their own losses or damages, rather than for liability to a third party. Examples include property insurance, auto physical damage coverage, and health insurance. The claim is paid directly to the insured for covered events, such as damage to their home or medical expenses.",
  "url": "https://mlchart.com/terminology/insurance/first-party-insurance/"
}

Record 1,414 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.