MLchartDataset catalogue

Incident reporting provision

Term · Insurance and risk management · MLC-T-INS-001783

A clause in an insurance policy that requires the insured to notify the insurer promptly of any incident or occurrence that could potentially lead to a claim. Timely reporting allows the insurer to investigate the event and manage potential liabilities effectively. Failure to comply can sometimes jeopardize coverage.

Table 1. Record
IdentifierMLC-T-INS-001783
FieldInsurance and risk management
SubjectExcess Umbrella
Record as JSON 
{
  "id": "MLC-T-INS-001783",
  "term": "Incident reporting provision",
  "field": "Insurance and risk management",
  "definition": "A clause in an insurance policy that requires the insured to notify the insurer promptly of any incident or occurrence that could potentially lead to a claim. Timely reporting allows the insurer to investigate the event and manage potential liabilities effectively. Failure to comply can sometimes jeopardize coverage.",
  "subject": "Excess Umbrella",
  "url": "https://mlchart.com/terminology/insurance/incident-reporting-provision/"
}

Record 1,686 of 3,682 in Insurance and risk management terminology (MLC-0106). Request the full dataset.