Unaffiliated business
Term · Insurance and risk management · MLC-T-INS-003396
Business conducted with entities that are not part of the same corporate group or ownership structure as the insurer. This distinguishes transactions with independent third parties from those with subsidiaries, affiliates, or parent companies. Regulatory bodies often require separate reporting for affiliated and unaffiliated transactions.
| Identifier | MLC-T-INS-003396 |
|---|---|
| Field | Insurance and risk management |
Record as JSON
{
"id": "MLC-T-INS-003396",
"term": "Unaffiliated business",
"field": "Insurance and risk management",
"definition": "Business conducted with entities that are not part of the same corporate group or ownership structure as the insurer. This distinguishes transactions with independent third parties from those with subsidiaries, affiliates, or parent companies. Regulatory bodies often require separate reporting for affiliated and unaffiliated transactions.",
"url": "https://mlchart.com/terminology/insurance/unaffiliated-business/"
}
Record 3,491 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.