MLchartDataset catalogue

Assured

Term · Law · MLC-T-LAW-000599

The person or entity whose life or property is covered by an insurance policy. This party is the beneficiary of the insurance contract and receives payment in the event of a covered loss. In life insurance, the assured is the individual whose death triggers the payout.

Table 1. Record
IdentifierMLC-T-LAW-000599
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-000599",
  "term": "Assured",
  "field": "Law",
  "definition": "The person or entity whose life or property is covered by an insurance policy. This party is the beneficiary of the insurance contract and receives payment in the event of a covered loss. In life insurance, the assured is the individual whose death triggers the payout.",
  "url": "https://mlchart.com/terminology/law/assured/"
}

Record 388 of 5,445 in Law terminology (MLC-0107). Request the full dataset.