Statutory inspections

{
  "id": "MLC-T-INS-003743",
  "term": "Statutory inspections",
  "field": "Insurance and risk management",
  "definition": "Mandatory examinations of equipment, premises, or processes required by law or regulation to verify compliance with safety and operational standards. These inspections are conducted by qualified personnel or authorized third parties to identify hazards, defects, or non-conformities that could lead to accidents or failures. Examples include periodic checks of boilers, pressure vessels, lifting equipment, and electrical systems, often mandated by national or local safety authorities.",
  "url": "https://mlchart.com/terminology/insurance/statutory-inspections/"
}