Form
Term · Insurance and risk management · MLC-T-INS-001572
A standardized document or template used by insurers to define the terms, conditions, exclusions, and endorsements of an insurance policy. These forms are often developed by industry organizations, such as the Insurance Services Office (ISO), to promote uniformity and clarity across the market. Policy forms are legally binding contracts that outline the rights and obligations of both the insurer and the insured.
| Identifier | MLC-T-INS-001572 |
|---|---|
| Field | Insurance and risk management |
Record as JSON
{
"id": "MLC-T-INS-001572",
"term": "Form",
"field": "Insurance and risk management",
"definition": "A standardized document or template used by insurers to define the terms, conditions, exclusions, and endorsements of an insurance policy. These forms are often developed by industry organizations, such as the Insurance Services Office (ISO), to promote uniformity and clarity across the market. Policy forms are legally binding contracts that outline the rights and obligations of both the insurer and the insured.",
"url": "https://mlchart.com/terminology/insurance/form/"
}
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