MLchartDataset catalogue

Working layer

Term · Insurance and risk management · MLC-T-INS-003554

The initial layer of insurance coverage that absorbs losses from the first dollar up to a specified limit. This layer is where most frequent and smaller claims are expected to occur. It is often subject to a deductible and is priced based on the expected frequency and severity of losses within its limits.

Table 1. Record
IdentifierMLC-T-INS-003554
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-003554",
  "term": "Working layer",
  "field": "Insurance and risk management",
  "definition": "The initial layer of insurance coverage that absorbs losses from the first dollar up to a specified limit. This layer is where most frequent and smaller claims are expected to occur. It is often subject to a deductible and is priced based on the expected frequency and severity of losses within its limits.",
  "url": "https://mlchart.com/terminology/insurance/working-layer/"
}

Record 3,708 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.