Insurance
Term · Law · MLC-T-LAW-002666
A contract, represented by a policy, in which an individual or entity receives financial protection or reimbursement against losses from an insurance company. The company pools clients' risks to make payments more affordable for the insured. Common types include life, health, auto, and property insurance.
| Identifier | MLC-T-LAW-002666 |
|---|---|
| Field | Law |
Record as JSON
{
"id": "MLC-T-LAW-002666",
"term": "Insurance",
"field": "Law",
"definition": "A contract, represented by a policy, in which an individual or entity receives financial protection or reimbursement against losses from an insurance company. The company pools clients' risks to make payments more affordable for the insured. Common types include life, health, auto, and property insurance.",
"url": "https://mlchart.com/terminology/law/insurance/"
}
Record 2,594 of 5,441 in Law terminology (MLC-0107). Request the full dataset.