MLchartDataset catalogue

Policy period

Term · Insurance and risk management · MLC-T-INS-002590

The specific duration during which an insurance policy provides coverage, defined by an effective date and an expiration date. For a loss to be covered, the event that triggers coverage must occur within this timeframe. Most property and casualty policies have a policy period of six months or one year, while life insurance policies can remain in force for many decades.

Table 1. Record
IdentifierMLC-T-INS-002590
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-002590",
  "term": "Policy period",
  "field": "Insurance and risk management",
  "definition": "The specific duration during which an insurance policy provides coverage, defined by an effective date and an expiration date. For a loss to be covered, the event that triggers coverage must occur within this timeframe. Most property and casualty policies have a policy period of six months or one year, while life insurance policies can remain in force for many decades.",
  "url": "https://mlchart.com/terminology/insurance/policy-period/"
}

Record 2,598 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.