Submission
Term · Insurance and risk management · MLC-T-INS-003223
The formal presentation of an insurance application and supporting documentation by a broker or agent to an underwriter for consideration of coverage. It includes all relevant information about the risk, such as loss history, property details, and desired coverage limits. The underwriter reviews the submission to assess the risk and determine appropriate terms, conditions, and premium.
| Identifier | MLC-T-INS-003223 |
|---|---|
| Field | Insurance and risk management |
Record as JSON
{
"id": "MLC-T-INS-003223",
"term": "Submission",
"field": "Insurance and risk management",
"definition": "The formal presentation of an insurance application and supporting documentation by a broker or agent to an underwriter for consideration of coverage. It includes all relevant information about the risk, such as loss history, property details, and desired coverage limits. The underwriter reviews the submission to assess the risk and determine appropriate terms, conditions, and premium.",
"url": "https://mlchart.com/terminology/insurance/submission/"
}
Record 3,339 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.