License

{
  "id": "MLC-T-INS-001998",
  "term": "License",
  "field": "Insurance and risk management",
  "definition": "Official authorization granted by a governmental body to an individual or entity to perform specific insurance-related activities. This permits agents, brokers, and insurers to sell policies, underwrite risks, or conduct other regulated operations within a jurisdiction. Licenses are subject to renewal and adherence to regulatory standards, such as continuing education requirements.",
  "url": "https://mlchart.com/terminology/insurance/license/"
}