MLchartDataset catalogue

Nullification

Term · Insurance and risk management · MLC-T-INS-000164

The act of declaring an insurance contract invalid from its inception so that, from a legal standpoint, the insurance contract never existed.

Table 1. Record
IdentifierMLC-T-INS-000164
FieldInsurance and risk management
SubjectNational Flood Insurance Program
ReferencesFloodSmart Flood Insurance Glossary; FEMA Glossary
Record as JSON 
{
  "id": "MLC-T-INS-000164",
  "term": "Nullification",
  "field": "Insurance and risk management",
  "definition": "The act of declaring an insurance contract invalid from its inception so that, from a legal standpoint, the insurance contract never existed.",
  "subject": "National Flood Insurance Program",
  "references": [
    "FloodSmart Flood Insurance Glossary",
    "FEMA Glossary"
  ],
  "url": "https://mlchart.com/terminology/insurance/nullification/"
}

Record 164 of 272 in Insurance and risk management terminology (MLC-0106). Request the full dataset.