Policy conditions
Term · Insurance and risk management · MLC-T-INS-002585
Specific provisions within an insurance contract that outline the rights and duties of both the insured and the insurer. These conditions dictate how the policy operates, including requirements for reporting claims, maintaining insured property, and paying premiums. Failure to comply with certain conditions can affect coverage.
| Identifier | MLC-T-INS-002585 |
|---|---|
| Field | Insurance and risk management |
Record as JSON
{
"id": "MLC-T-INS-002585",
"term": "Policy conditions",
"field": "Insurance and risk management",
"definition": "Specific provisions within an insurance contract that outline the rights and duties of both the insured and the insurer. These conditions dictate how the policy operates, including requirements for reporting claims, maintaining insured property, and paying premiums. Failure to comply with certain conditions can affect coverage.",
"url": "https://mlchart.com/terminology/insurance/policy-conditions/"
}
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