Offeror

{
  "id": "MLC-T-INS-002399",
  "term": "Offeror",
  "field": "Insurance and risk management",
  "definition": "A party that proposes a contract to another party, outlining the terms and conditions under which they are willing to enter into an agreement. In insurance, this is typically the applicant seeking coverage, who presents their risk profile and desired policy features to an insurer. The offeror's proposal forms the basis for negotiation or acceptance by the offeree.",
  "url": "https://mlchart.com/terminology/insurance/offeror/"
}