MLchartDataset catalogue

Settlement programs

Term · Insurance and risk management · MLC-T-INS-003068

Structured initiatives designed to resolve multiple claims or disputes arising from a common event or issue, often involving a large number of claimants. These programs aim to achieve efficient and equitable resolution outside of traditional litigation. They can involve mediation, arbitration, or predetermined compensation formulas for eligible participants.

Table 1. Record
IdentifierMLC-T-INS-003068
FieldInsurance and risk management
SubjectManagement Liability
Record as JSON 
{
  "id": "MLC-T-INS-003068",
  "term": "Settlement programs",
  "field": "Insurance and risk management",
  "definition": "Structured initiatives designed to resolve multiple claims or disputes arising from a common event or issue, often involving a large number of claimants. These programs aim to achieve efficient and equitable resolution outside of traditional litigation. They can involve mediation, arbitration, or predetermined compensation formulas for eligible participants.",
  "subject": "Management Liability",
  "url": "https://mlchart.com/terminology/insurance/settlement-programs/"
}

Record 3,154 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.