Sophisticated insured

{
  "id": "MLC-T-INS-003118",
  "term": "Sophisticated insured",
  "field": "Insurance and risk management",
  "definition": "A policyholder possessing extensive knowledge and experience in insurance matters, often with dedicated risk management departments or professional advisors. Such an insured understands complex policy language, negotiates terms, and assesses risks with a high degree of expertise. Courts sometimes apply different legal standards to sophisticated insureds, recognizing their ability to protect their own interests.",
  "url": "https://mlchart.com/terminology/insurance/sophisticated-insured/"
}