MLchartDataset catalogue

Pre-set allocation provision

Term · Insurance and risk management · MLC-T-INS-002653

A clause in a directors and officers (D&O) liability insurance policy that establishes a predetermined method for allocating defense costs and settlement amounts between covered and uncovered parties or claims. This provision aims to reduce disputes between the insurer and insureds regarding how expenses are divided. It often specifies percentages or formulas for allocation based on the nature of the claim.

Table 1. Record
IdentifierMLC-T-INS-002653
FieldInsurance and risk management
SubjectManagement Liability
Record as JSON 
{
  "id": "MLC-T-INS-002653",
  "term": "Pre-set allocation provision",
  "field": "Insurance and risk management",
  "definition": "A clause in a directors and officers (D&O) liability insurance policy that establishes a predetermined method for allocating defense costs and settlement amounts between covered and uncovered parties or claims. This provision aims to reduce disputes between the insurer and insureds regarding how expenses are divided. It often specifies percentages or formulas for allocation based on the nature of the claim.",
  "subject": "Management Liability",
  "url": "https://mlchart.com/terminology/insurance/pre-set-allocation-provision/"
}

Record 2,669 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.