MLchartDataset catalogue

Panel counsel

Term · Insurance and risk management · MLC-T-INS-002483

A group of law firms or individual attorneys pre-approved and retained by an insurance company to represent its policyholders in legal matters. These attorneys agree to specific billing rates and service standards set by the insurer. Insurers maintain panel counsel to manage legal costs and maintain consistent defense strategies across claims.

Table 1. Record
IdentifierMLC-T-INS-002483
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-002483",
  "term": "Panel counsel",
  "field": "Insurance and risk management",
  "definition": "A group of law firms or individual attorneys pre-approved and retained by an insurance company to represent its policyholders in legal matters. These attorneys agree to specific billing rates and service standards set by the insurer. Insurers maintain panel counsel to manage legal costs and maintain consistent defense strategies across claims.",
  "url": "https://mlchart.com/terminology/insurance/panel-counsel/"
}

Record 2,464 of 3,682 in Insurance and risk management terminology (MLC-0106). Request the full dataset.