Insuring agreement
Term · Insurance and risk management · MLC-T-INS-001878
The core section of an insurance policy that describes the coverage provided, outlining the perils insured against and the scope of the insurer's promise to pay. It specifies what losses are covered and under what circumstances. This agreement is typically subject to the policy's conditions and exclusions.
| Identifier | MLC-T-INS-001878 |
|---|---|
| Field | Insurance and risk management |
Record as JSON
{
"id": "MLC-T-INS-001878",
"term": "Insuring agreement",
"field": "Insurance and risk management",
"definition": "The core section of an insurance policy that describes the coverage provided, outlining the perils insured against and the scope of the insurer's promise to pay. It specifies what losses are covered and under what circumstances. This agreement is typically subject to the policy's conditions and exclusions.",
"url": "https://mlchart.com/terminology/insurance/insuring-agreement/"
}
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