MLchartDataset catalogue

Special waiver

Term · Insurance and risk management · MLC-T-INS-003131

An agreement by an insurer to forgo a specific right or condition within an insurance policy, often in exchange for an additional premium or under particular circumstances. This modification allows for coverage that would otherwise be excluded or limited. A common example is a waiver of premium for disability in life insurance.

Table 1. Record
IdentifierMLC-T-INS-003131
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-003131",
  "term": "Special waiver",
  "field": "Insurance and risk management",
  "definition": "An agreement by an insurer to forgo a specific right or condition within an insurance policy, often in exchange for an additional premium or under particular circumstances. This modification allows for coverage that would otherwise be excluded or limited. A common example is a waiver of premium for disability in life insurance.",
  "url": "https://mlchart.com/terminology/insurance/special-waiver/"
}

Record 3,233 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.