MLchartDataset catalogue

Indemnity payments

Term · Insurance and risk management · MLC-T-INS-001800

Monetary compensation made by an insurer or indemnitor to an insured or indemnitee to cover a covered loss or damage. These payments aim to restore the recipient to their financial position before the loss occurred. They can include payments for property damage, medical expenses, lost wages, or liability claims, depending on the type of insurance.

Table 1. Record
IdentifierMLC-T-INS-001800
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-001800",
  "term": "Indemnity payments",
  "field": "Insurance and risk management",
  "definition": "Monetary compensation made by an insurer or indemnitor to an insured or indemnitee to cover a covered loss or damage. These payments aim to restore the recipient to their financial position before the loss occurred. They can include payments for property damage, medical expenses, lost wages, or liability claims, depending on the type of insurance.",
  "url": "https://mlchart.com/terminology/insurance/indemnity-payments/"
}

Record 1,717 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.