MLchartDataset catalogue

Fortuitous event

Term · Insurance and risk management · MLC-T-INS-001574

An unforeseen and unintended occurrence that causes loss or damage, forming the basis for a valid insurance claim. It must be accidental in nature and beyond the control of the insured, distinguishing it from losses that are certain to occur or are intentionally caused. Insurance policies are designed to cover losses arising from such events, not from predictable or deliberate actions.

Table 1. Record
IdentifierMLC-T-INS-001574
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-001574",
  "term": "Fortuitous event",
  "field": "Insurance and risk management",
  "definition": "An unforeseen and unintended occurrence that causes loss or damage, forming the basis for a valid insurance claim. It must be accidental in nature and beyond the control of the insured, distinguishing it from losses that are certain to occur or are intentionally caused. Insurance policies are designed to cover losses arising from such events, not from predictable or deliberate actions.",
  "url": "https://mlchart.com/terminology/insurance/fortuitous-event/"
}

Record 1,457 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.