MLchartDataset catalogue

Loss payee

Term · Insurance and risk management · MLC-T-INS-002079

An individual or entity designated in an insurance policy to receive payment for a covered loss. This party typically has a financial interest in the insured property, such as a bank holding a mortgage on a home or a lender on an automobile. The loss payee's interest is protected up to the amount of their outstanding loan.

Table 1. Record
IdentifierMLC-T-INS-002079
FieldInsurance and risk management
SubjectPersonal Lines
Record as JSON 
{
  "id": "MLC-T-INS-002079",
  "term": "Loss payee",
  "field": "Insurance and risk management",
  "definition": "An individual or entity designated in an insurance policy to receive payment for a covered loss. This party typically has a financial interest in the insured property, such as a bank holding a mortgage on a home or a lender on an automobile. The loss payee's interest is protected up to the amount of their outstanding loan.",
  "subject": "Personal Lines",
  "url": "https://mlchart.com/terminology/insurance/loss-payee/"
}

Record 2,035 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.