Policy definitions

{
  "id": "MLC-T-INS-002586",
  "term": "Policy definitions",
  "field": "Insurance and risk management",
  "definition": "A section within an insurance contract that specifies the precise meaning of key terms used throughout the document, such as 'insured', 'occurrence', or 'property damage'. These definitions establish the scope of coverage and clarify the intent of the policy language, reducing ambiguity in the event of a claim. The interpretation of these defined terms is a frequent subject of litigation in coverage disputes between policyholders and insurers.",
  "url": "https://mlchart.com/terminology/insurance/policy-definitions/"
}