MLchartDataset catalogue

Guaranteed cost insurance

Term · Insurance and risk management · MLC-T-INS-001687

An insurance policy where the premium is set at the outset of the policy term and remains fixed, irrespective of the claims incurred during that period. This structure provides predictability for the insured's budgeting and financial planning. It is a common arrangement for many standard property and casualty policies.

Table 1. Record
IdentifierMLC-T-INS-001687
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-001687",
  "term": "Guaranteed cost insurance",
  "field": "Insurance and risk management",
  "definition": "An insurance policy where the premium is set at the outset of the policy term and remains fixed, irrespective of the claims incurred during that period. This structure provides predictability for the insured's budgeting and financial planning. It is a common arrangement for many standard property and casualty policies.",
  "url": "https://mlchart.com/terminology/insurance/guaranteed-cost-insurance/"
}

Record 1,608 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.