Presumption

Term · Insurance and risk management · MLC-T-INS-002654

A legal inference that a particular fact is true, based on the proven existence of other facts. In insurance law, certain presumptions can shift the burden of proof from one party to another in a claim dispute. For example, in some jurisdictions, a beneficiary's death within a short time after the insured's death creates a presumption that the beneficiary died first, which affects the distribution of life insurance proceeds under a common disaster clause.

Table 1. Record
Identifier	MLC-T-INS-002654
Field	Insurance and risk management

Record as JSON

{
  "id": "MLC-T-INS-002654",
  "term": "Presumption",
  "field": "Insurance and risk management",
  "definition": "A legal inference that a particular fact is true, based on the proven existence of other facts. In insurance law, certain presumptions can shift the burden of proof from one party to another in a claim dispute. For example, in some jurisdictions, a beneficiary's death within a short time after the insured's death creates a presumption that the beneficiary died first, which affects the distribution of life insurance proceeds under a common disaster clause.",
  "url": "https://mlchart.com/terminology/insurance/presumption/"
}

Record 2,651 of 3,682 in Insurance and risk management terminology (MLC-0106). Request the full dataset.