Waiver

Term · Insurance and risk management · MLC-T-INS-003502

The voluntary relinquishment of a known right, claim, or privilege. In insurance, a waiver can occur when an insurer intentionally gives up its right to enforce a policy provision or condition. This can be express, through a written agreement, or implied, through actions that demonstrate an intent to forgo the right.

Table 1. Record
Identifier	MLC-T-INS-003502
Field	Insurance and risk management

Record as JSON

{
  "id": "MLC-T-INS-003502",
  "term": "Waiver",
  "field": "Insurance and risk management",
  "definition": "The voluntary relinquishment of a known right, claim, or privilege. In insurance, a waiver can occur when an insurer intentionally gives up its right to enforce a policy provision or condition. This can be express, through a written agreement, or implied, through actions that demonstrate an intent to forgo the right.",
  "url": "https://mlchart.com/terminology/insurance/waiver/"
}

Record 3,609 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.