MLchartDataset catalogue

Special acceptance

Term · Insurance and risk management · MLC-T-INS-003121

The process by which an underwriter agrees to provide coverage for a risk that falls outside the standard guidelines or requires specific conditions to be met. This decision is made on a case-by-case basis after a detailed evaluation of the unique characteristics of the proposed risk. A special acceptance is documented with specific terms, endorsements, or a higher premium to account for the increased or unusual exposure.

Table 1. Record
IdentifierMLC-T-INS-003121
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-003121",
  "term": "Special acceptance",
  "field": "Insurance and risk management",
  "definition": "The process by which an underwriter agrees to provide coverage for a risk that falls outside the standard guidelines or requires specific conditions to be met. This decision is made on a case-by-case basis after a detailed evaluation of the unique characteristics of the proposed risk. A special acceptance is documented with specific terms, endorsements, or a higher premium to account for the increased or unusual exposure.",
  "url": "https://mlchart.com/terminology/insurance/special-acceptance/"
}

Record 3,180 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.