MLchartDataset catalogue

Specifications (SPECS)

Term · Insurance and risk management · MLC-T-INS-003136

Detailed descriptions of the desired insurance coverage, terms, conditions, and limits prepared by a risk manager or broker when seeking proposals from insurers. These specifications (SPECS) provide underwriters with the necessary information to evaluate, price, and quote the risk. A complete submission package includes the specifications along with loss history, financial statements, and other supporting documentation.

Table 1. Record
IdentifierMLC-T-INS-003136
FieldInsurance and risk management
AbbreviationSPECS
Record as JSON 
{
  "id": "MLC-T-INS-003136",
  "term": "Specifications (SPECS)",
  "field": "Insurance and risk management",
  "definition": "Detailed descriptions of the desired insurance coverage, terms, conditions, and limits prepared by a risk manager or broker when seeking proposals from insurers. These specifications (SPECS) provide underwriters with the necessary information to evaluate, price, and quote the risk. A complete submission package includes the specifications along with loss history, financial statements, and other supporting documentation.",
  "abbreviation": "SPECS",
  "url": "https://mlchart.com/terminology/insurance/specifications-specs/"
}

Record 3,238 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.