Premium
Term · Insurance and risk management · MLC-T-INS-002637
The amount of money an individual or business pays to an insurance company for coverage against specified risks. This payment is typically made periodically, such as monthly, quarterly, or annually. The premium amount is determined by factors including the type of coverage, the amount of coverage, and the risk profile of the insured.
| Identifier | MLC-T-INS-002637 |
|---|---|
| Field | Insurance and risk management |
Record as JSON
{
"id": "MLC-T-INS-002637",
"term": "Premium",
"field": "Insurance and risk management",
"definition": "The amount of money an individual or business pays to an insurance company for coverage against specified risks. This payment is typically made periodically, such as monthly, quarterly, or annually. The premium amount is determined by factors including the type of coverage, the amount of coverage, and the risk profile of the insured.",
"url": "https://mlchart.com/terminology/insurance/premium/"
}
Record 2,650 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.