Insurability

{
  "id": "MLC-T-INS-001849",
  "term": "Insurability",
  "field": "Insurance and risk management",
  "definition": "The condition of an applicant being acceptable to an insurance company for coverage, based on their risk profile and the insurer's underwriting guidelines. Factors such as health, occupation, lifestyle, and past claims history influence an individual's insurability. An applicant deemed uninsurable may be denied coverage or offered a policy with higher premiums or specific exclusions.",
  "url": "https://mlchart.com/terminology/insurance/insurability/"
}