Segregation

{
  "id": "MLC-T-INS-003049",
  "term": "Segregation",
  "field": "Insurance and risk management",
  "definition": "The legal or operational separation of assets, liabilities, or risks within an organization or financial structure. This practice isolates specific financial components to protect them from claims or losses arising from other parts of the entity. In insurance, it can apply to funds held for different policyholders or distinct lines of business.",
  "url": "https://mlchart.com/terminology/insurance/segregation/"
}