MLchartDataset catalogue

Statutory law

Term · Insurance and risk management · MLC-T-INS-003184

Written law enacted by a legislative body, such as a parliament or congress, as opposed to common law or regulatory law. In insurance, statutory law governs many aspects of the industry, including licensing, solvency requirements, policy language, and unfair claims practices. State insurance codes are a primary example of statutory law impacting insurers.

Table 1. Record
IdentifierMLC-T-INS-003184
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-003184",
  "term": "Statutory law",
  "field": "Insurance and risk management",
  "definition": "Written law enacted by a legislative body, such as a parliament or congress, as opposed to common law or regulatory law. In insurance, statutory law governs many aspects of the industry, including licensing, solvency requirements, policy language, and unfair claims practices. State insurance codes are a primary example of statutory law impacting insurers.",
  "url": "https://mlchart.com/terminology/insurance/statutory-law/"
}

Record 3,254 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.