MLchartDataset catalogue

Model act

Term · Insurance and risk management · MLC-T-INS-002212

A draft of a law proposed by an organization, such as the National Association of Insurance Commissioners (NAIC), for adoption by state legislatures. These acts aim to promote uniformity and consistency in insurance regulation across different states. While not legally binding on their own, model acts serve as guidelines that states can choose to enact into law, often with some modifications.

Table 1. Record
IdentifierMLC-T-INS-002212
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-002212",
  "term": "Model act",
  "field": "Insurance and risk management",
  "definition": "A draft of a law proposed by an organization, such as the National Association of Insurance Commissioners (NAIC), for adoption by state legislatures. These acts aim to promote uniformity and consistency in insurance regulation across different states. While not legally binding on their own, model acts serve as guidelines that states can choose to enact into law, often with some modifications.",
  "url": "https://mlchart.com/terminology/insurance/model-act/"
}

Record 2,195 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.