Insured contract
Term · Insurance and risk management · MLC-T-INS-001873
A specific type of contract, as defined within a liability insurance policy, for which the insurer agrees to assume the contractual liability of the insured. These contracts typically involve agreements where one party assumes the liability of another. Common examples include leases, sidetrack agreements, and easement agreements.
| Identifier | MLC-T-INS-001873 |
|---|---|
| Field | Insurance and risk management |
Record as JSON
{
"id": "MLC-T-INS-001873",
"term": "Insured contract",
"field": "Insurance and risk management",
"definition": "A specific type of contract, as defined within a liability insurance policy, for which the insurer agrees to assume the contractual liability of the insured. These contracts typically involve agreements where one party assumes the liability of another. Common examples include leases, sidetrack agreements, and easement agreements.",
"url": "https://mlchart.com/terminology/insurance/insured-contract/"
}
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