Insured
Term · Law · MLC-T-LAW-002668
The person or entity whose life, property, or liability is covered by an insurance policy. This individual or organization receives financial protection against specified risks in exchange for paying premiums. The insured is the party to whom the insurer owes a duty to pay covered losses.
| Identifier | MLC-T-LAW-002668 |
|---|---|
| Field | Law |
Record as JSON
{
"id": "MLC-T-LAW-002668",
"term": "Insured",
"field": "Law",
"definition": "The person or entity whose life, property, or liability is covered by an insurance policy. This individual or organization receives financial protection against specified risks in exchange for paying premiums. The insured is the party to whom the insurer owes a duty to pay covered losses.",
"url": "https://mlchart.com/terminology/law/insured/"
}
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