Standard form or policy

{
  "id": "MLC-T-INS-003163",
  "term": "Standard form or policy",
  "field": "Insurance and risk management",
  "definition": "A pre-printed insurance contract with standardized wording, terms, and conditions, developed by an insurer or an industry organization. This type of policy offers consistency across many policyholders and simplifies the underwriting process. Many personal lines policies, such as homeowners and auto insurance, are issued on standard forms.",
  "url": "https://mlchart.com/terminology/insurance/standard-form-or-policy/"
}