MLchartDataset catalogue

Layering

Term · Insurance and risk management · MLC-T-INS-001970

The practice of arranging multiple insurance policies in successive tiers, where each policy provides coverage above the limits of the one below it. This creates a tower of coverage to achieve very high total limits for catastrophic risks. Each layer is triggered only after the underlying layer's limits are exhausted.

Table 1. Record
IdentifierMLC-T-INS-001970
FieldInsurance and risk management
SubjectExcess Umbrella
Record as JSON 
{
  "id": "MLC-T-INS-001970",
  "term": "Layering",
  "field": "Insurance and risk management",
  "definition": "The practice of arranging multiple insurance policies in successive tiers, where each policy provides coverage above the limits of the one below it. This creates a tower of coverage to achieve very high total limits for catastrophic risks. Each layer is triggered only after the underlying layer's limits are exhausted.",
  "subject": "Excess Umbrella",
  "url": "https://mlchart.com/terminology/insurance/layering/"
}

Record 1,893 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.