Stamp duty

{
  "id": "MLC-T-INS-003157",
  "term": "Stamp duty",
  "field": "Insurance and risk management",
  "definition": "A tax levied by governments on certain legal documents, including insurance policies, as a condition for their legal validity. The duty is typically a percentage of the premium or a fixed amount, and it is collected by the insurer from the policyholder. This tax contributes to government revenue and varies significantly by jurisdiction and type of insurance.",
  "url": "https://mlchart.com/terminology/insurance/stamp-duty/"
}