MLchartDataset catalogue

Warrant

Term · Insurance and risk management · MLC-T-INS-003514

A statement or promise made by the insured in an insurance contract that, if untrue or unfulfilled, can void the policy or relieve the insurer of liability. Warrants are typically material to the risk and must be strictly complied with. Unlike representations, which only need to be substantially true, warrants require absolute accuracy.

Table 1. Record
IdentifierMLC-T-INS-003514
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-003514",
  "term": "Warrant",
  "field": "Insurance and risk management",
  "definition": "A statement or promise made by the insured in an insurance contract that, if untrue or unfulfilled, can void the policy or relieve the insurer of liability. Warrants are typically material to the risk and must be strictly complied with. Unlike representations, which only need to be substantially true, warrants require absolute accuracy.",
  "url": "https://mlchart.com/terminology/insurance/warrant/"
}

Record 3,622 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.