Trust agreement

{
  "id": "MLC-T-INS-003383",
  "term": "Trust agreement",
  "field": "Insurance and risk management",
  "definition": "A legal document that establishes a trust, outlining the terms and conditions under which assets are held and managed by a trustee for the benefit of designated beneficiaries. In insurance, it can be used to hold funds for self-insurance programs, captive insurance companies, or employee benefit plans. This agreement defines the duties and powers of the trustee.",
  "url": "https://mlchart.com/terminology/insurance/trust-agreement/"
}