MLchartDataset catalogue

Void

Term · Insurance and risk management · MLC-T-INS-003487

Describing a contract or insurance policy that is invalid and unenforceable from its inception, as if it never existed. This occurs when a fundamental legal requirement is missing, such as legality of purpose or capacity of parties. A void policy cannot be ratified and provides no coverage.

Table 1. Record
IdentifierMLC-T-INS-003487
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-003487",
  "term": "Void",
  "field": "Insurance and risk management",
  "definition": "Describing a contract or insurance policy that is invalid and unenforceable from its inception, as if it never existed. This occurs when a fundamental legal requirement is missing, such as legality of purpose or capacity of parties. A void policy cannot be ratified and provides no coverage.",
  "url": "https://mlchart.com/terminology/insurance/void/"
}

Record 3,632 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.