MLchartDataset catalogue

Licensed insurer

Term · Insurance and risk management · MLC-T-INS-002000

An insurance company that has received official authorization from a state's department of insurance to conduct business within that state. This authorization confirms that the insurer meets regulatory requirements regarding financial solvency, operational standards, and consumer protection. Policyholders typically have greater protection when dealing with a licensed insurer compared to an unlicensed one.

Table 1. Record
IdentifierMLC-T-INS-002000
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-002000",
  "term": "Licensed insurer",
  "field": "Insurance and risk management",
  "definition": "An insurance company that has received official authorization from a state's department of insurance to conduct business within that state. This authorization confirms that the insurer meets regulatory requirements regarding financial solvency, operational standards, and consumer protection. Policyholders typically have greater protection when dealing with a licensed insurer compared to an unlicensed one.",
  "url": "https://mlchart.com/terminology/insurance/licensed-insurer/"
}

Record 1,930 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.