Slip

{
  "id": "MLC-T-INS-003106",
  "term": "Slip",
  "field": "Insurance and risk management",
  "definition": "A preliminary document or memorandum that outlines the essential terms and conditions of an insurance contract before the formal policy document is issued. Brokers use slips to present risks to underwriters and to obtain initial agreement on coverage. It serves as a binding agreement until the full policy is prepared.",
  "url": "https://mlchart.com/terminology/insurance/slip/"
}