MLchartDataset catalogue

Verbal threshold

Term · Insurance and risk management · MLC-T-INS-003476

A legal standard used in some no-fault automobile insurance systems that requires an injured party to meet specific descriptive criteria for their injuries before they can sue an at-fault driver for non-economic damages like pain and suffering. These criteria are typically outlined in state statutes and describe the severity or type of injury, such as permanent disfigurement or death. It contrasts with a monetary threshold, which requires a certain dollar amount of medical expenses.

Table 1. Record
IdentifierMLC-T-INS-003476
FieldInsurance and risk management
SubjectPersonal Lines
Record as JSON 
{
  "id": "MLC-T-INS-003476",
  "term": "Verbal threshold",
  "field": "Insurance and risk management",
  "definition": "A legal standard used in some no-fault automobile insurance systems that requires an injured party to meet specific descriptive criteria for their injuries before they can sue an at-fault driver for non-economic damages like pain and suffering. These criteria are typically outlined in state statutes and describe the severity or type of injury, such as permanent disfigurement or death. It contrasts with a monetary threshold, which requires a certain dollar amount of medical expenses.",
  "subject": "Personal Lines",
  "url": "https://mlchart.com/terminology/insurance/verbal-threshold/"
}

Record 3,556 of 3,682 in Insurance and risk management terminology (MLC-0106). Request the full dataset.