MLchartDataset catalogue

Liberalization clause

Term · Insurance and risk management · MLC-T-INS-001997

A provision in an insurance policy stating that if the insurer broadens coverage without an additional premium during the policy period, the insured automatically receives the improved coverage. This clause applies to changes made to the standard policy form. It prevents the need for policyholders to request updated terms when the insurer makes general improvements.

Table 1. Record
IdentifierMLC-T-INS-001997
FieldInsurance and risk management
SubjectExcess Umbrella
Record as JSON 
{
  "id": "MLC-T-INS-001997",
  "term": "Liberalization clause",
  "field": "Insurance and risk management",
  "definition": "A provision in an insurance policy stating that if the insurer broadens coverage without an additional premium during the policy period, the insured automatically receives the improved coverage. This clause applies to changes made to the standard policy form. It prevents the need for policyholders to request updated terms when the insurer makes general improvements.",
  "subject": "Excess Umbrella",
  "url": "https://mlchart.com/terminology/insurance/liberalization-clause/"
}

Record 1,914 of 3,682 in Insurance and risk management terminology (MLC-0106). Request the full dataset.