MLchartDataset catalogue

Parol evidence

Term · Insurance and risk management · MLC-T-INS-002491

Oral or extrinsic evidence that is not contained within the written terms of a contract. In insurance law, the parol evidence rule generally prevents parties from introducing such evidence to contradict, vary, or add to the terms of a fully integrated written insurance policy. This rule aims to uphold the finality and integrity of written agreements, though exceptions exist for ambiguities or fraud.

Table 1. Record
IdentifierMLC-T-INS-002491
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-002491",
  "term": "Parol evidence",
  "field": "Insurance and risk management",
  "definition": "Oral or extrinsic evidence that is not contained within the written terms of a contract. In insurance law, the parol evidence rule generally prevents parties from introducing such evidence to contradict, vary, or add to the terms of a fully integrated written insurance policy. This rule aims to uphold the finality and integrity of written agreements, though exceptions exist for ambiguities or fraud.",
  "url": "https://mlchart.com/terminology/insurance/parol-evidence/"
}

Record 2,490 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.