Insurance requirements

{
  "id": "MLC-T-INS-001864",
  "term": "Insurance requirements",
  "field": "Insurance and risk management",
  "definition": "The specific types and amounts of insurance coverage mandated by a contract, law, or lender to protect against potential financial losses. These stipulations define the minimum acceptable level of protection for parties involved in an agreement or transaction. For instance, mortgage lenders typically require homeowners to carry property insurance up to the loan amount.",
  "url": "https://mlchart.com/terminology/insurance/insurance-requirements/"
}