Promisee

Term · Insurance and risk management · MLC-T-INS-002720

The party to whom a promise is made in a contract or agreement. In the context of insurance, the promisee is typically the insured or beneficiary who is entitled to receive benefits or payments from the insurer under the terms of the policy. The insurer, as the promisor, undertakes to fulfill specific obligations upon the occurrence of a covered event.

Table 1. Record
Identifier	MLC-T-INS-002720
Field	Insurance and risk management

Record as JSON

{
  "id": "MLC-T-INS-002720",
  "term": "Promisee",
  "field": "Insurance and risk management",
  "definition": "The party to whom a promise is made in a contract or agreement. In the context of insurance, the promisee is typically the insured or beneficiary who is entitled to receive benefits or payments from the insurer under the terms of the policy. The insurer, as the promisor, undertakes to fulfill specific obligations upon the occurrence of a covered event.",
  "url": "https://mlchart.com/terminology/insurance/promisee/"
}

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