MLchartDataset catalogue

Original equipment manufacturer (OEM)

Term · Insurance and risk management · MLC-T-INS-002438

A company that produces parts or equipment that are marketed by another manufacturer. In insurance, particularly for auto physical damage claims, the term distinguishes parts made by the vehicle's producer from aftermarket or generic replacement parts. Many auto policies specify whether they will pay for original equipment manufacturer (OEM) parts or less expensive aftermarket parts during a repair.

Table 1. Record
IdentifierMLC-T-INS-002438
FieldInsurance and risk management
AbbreviationOEM
Record as JSON 
{
  "id": "MLC-T-INS-002438",
  "term": "Original equipment manufacturer (OEM)",
  "field": "Insurance and risk management",
  "definition": "A company that produces parts or equipment that are marketed by another manufacturer. In insurance, particularly for auto physical damage claims, the term distinguishes parts made by the vehicle's producer from aftermarket or generic replacement parts. Many auto policies specify whether they will pay for original equipment manufacturer (OEM) parts or less expensive aftermarket parts during a repair.",
  "abbreviation": "OEM",
  "url": "https://mlchart.com/terminology/insurance/original-equipment-manufacturer-oem/"
}

Record 2,431 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.