Quote

{
  "id": "MLC-T-INS-002784",
  "term": "Quote",
  "field": "Insurance and risk management",
  "definition": "A formal statement from an insurer or agent detailing the estimated cost of an insurance policy based on the information provided by a prospective policyholder. It outlines the proposed coverage, deductibles, limits, and premium for a specified period. A quote is not a binding contract but an offer that can be accepted to form a policy.",
  "url": "https://mlchart.com/terminology/insurance/quote/"
}