MLchartDataset catalogue

Nonconcurrency

Term · Insurance and risk management · MLC-T-INS-002323

A situation where two or more insurance policies covering the same risk have different inception and expiration dates, or different terms and conditions. This can lead to gaps or overlaps in coverage, making claims handling complex. It is a common issue when multiple insurers provide layers of coverage.

Table 1. Record
IdentifierMLC-T-INS-002323
FieldInsurance and risk management
SubjectExcess Umbrella
Record as JSON 
{
  "id": "MLC-T-INS-002323",
  "term": "Nonconcurrency",
  "field": "Insurance and risk management",
  "definition": "A situation where two or more insurance policies covering the same risk have different inception and expiration dates, or different terms and conditions. This can lead to gaps or overlaps in coverage, making claims handling complex. It is a common issue when multiple insurers provide layers of coverage.",
  "subject": "Excess Umbrella",
  "url": "https://mlchart.com/terminology/insurance/nonconcurrency/"
}

Record 2,281 of 3,682 in Insurance and risk management terminology (MLC-0106). Request the full dataset.