Franchise insurance

Term · Insurance and risk management · MLC-T-INS-001584

A group insurance arrangement where individual policies are issued to members of a common group, such as employees of a single employer or members of an association. While each member receives an individual policy, the underwriting and administration are often handled on a group basis, potentially leading to lower premiums or more favorable terms. This differs from true group insurance, where a single master policy covers all members.

Table 1. Record
Identifier	MLC-T-INS-001584
Field	Insurance and risk management

Record as JSON

{
  "id": "MLC-T-INS-001584",
  "term": "Franchise insurance",
  "field": "Insurance and risk management",
  "definition": "A group insurance arrangement where individual policies are issued to members of a common group, such as employees of a single employer or members of an association. While each member receives an individual policy, the underwriting and administration are often handled on a group basis, potentially leading to lower premiums or more favorable terms. This differs from true group insurance, where a single master policy covers all members.",
  "url": "https://mlchart.com/terminology/insurance/franchise-insurance/"
}

Record 1,485 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.