MLchartDataset catalogue

Indemnitor

Term · Insurance and risk management · MLC-T-INS-001796

The party who agrees to compensate another party (the indemnitee) for specified losses or damages. This individual or entity assumes the obligation to make good on a loss. In an insurance contract, the insurer acts as the indemnitor, promising to pay covered claims to the policyholder.

Table 1. Record
IdentifierMLC-T-INS-001796
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-001796",
  "term": "Indemnitor",
  "field": "Insurance and risk management",
  "definition": "The party who agrees to compensate another party (the indemnitee) for specified losses or damages. This individual or entity assumes the obligation to make good on a loss. In an insurance contract, the insurer acts as the indemnitor, promising to pay covered claims to the policyholder.",
  "url": "https://mlchart.com/terminology/insurance/indemnitor/"
}

Record 1,713 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.