Return of professional fees exclusion
Term · Insurance and risk management · MLC-T-INS-002945
A clause in a professional liability insurance policy that excludes coverage for claims seeking the return of professional fees charged by the insured. This exclusion means the policy will not pay for damages that are solely the reimbursement of fees for services rendered. It limits the insurer's liability to actual damages beyond the fee itself.
| Identifier | MLC-T-INS-002945 |
|---|---|
| Field | Insurance and risk management |
Record as JSON
{
"id": "MLC-T-INS-002945",
"term": "Return of professional fees exclusion",
"field": "Insurance and risk management",
"definition": "A clause in a professional liability insurance policy that excludes coverage for claims seeking the return of professional fees charged by the insured. This exclusion means the policy will not pay for damages that are solely the reimbursement of fees for services rendered. It limits the insurer's liability to actual damages beyond the fee itself.",
"url": "https://mlchart.com/terminology/insurance/return-of-professional-fees-exclusion/"
}
Record 3,017 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.