Tariff

{
  "id": "MLC-T-INS-003280",
  "term": "Tariff",
  "field": "Insurance and risk management",
  "definition": "A published schedule of insurance rates, terms, and conditions that an insurer applies to specific classes of risks. Regulatory bodies or industry associations sometimes establish these tariffs to promote fair pricing and solvency within the insurance market. In some jurisdictions, insurers must adhere to approved tariffs for certain lines of business, such as motor or property insurance.",
  "url": "https://mlchart.com/terminology/insurance/tariff/"
}