Stare decisis

{
  "id": "MLC-T-INS-003169",
  "term": "Stare decisis",
  "field": "Insurance and risk management",
  "definition": "A legal principle requiring courts to follow precedents established by previous judicial decisions when ruling on similar cases. This doctrine provides consistency and predictability in the application of law, influencing how insurance claims are interpreted and disputes are resolved. It is a cornerstone of common law legal systems.",
  "url": "https://mlchart.com/terminology/insurance/stare-decisis/"
}