MLchartDataset catalogue

Tender of defense

Term · Insurance and risk management · MLC-T-INS-003297

The formal notification by an insured party to their insurer, requesting that the insurer assume the responsibility for defending a lawsuit filed against the insured. This action triggers the insurer's duty to defend under the terms of the liability policy. Upon receiving a tender of defense, the insurer must determine if the claim falls within the policy's coverage and either accept the defense or issue a reservation of rights letter.

Table 1. Record
IdentifierMLC-T-INS-003297
FieldInsurance and risk management
Record as JSON
{
  "id": "MLC-T-INS-003297",
  "term": "Tender of defense",
  "field": "Insurance and risk management",
  "definition": "The formal notification by an insured party to their insurer, requesting that the insurer assume the responsibility for defending a lawsuit filed against the insured. This action triggers the insurer's duty to defend under the terms of the liability policy. Upon receiving a tender of defense, the insurer must determine if the claim falls within the policy's coverage and either accept the defense or issue a reservation of rights letter.",
  "url": "https://mlchart.com/terminology/insurance/tender-of-defense/"
}

Record 3,385 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.