MLchartDataset catalogue

Insurer

Term · Law · MLC-T-LAW-002669

A company or entity that provides financial protection against specified risks in exchange for regular premium payments. The insurer agrees to compensate the policyholder for covered losses according to the terms of an insurance contract. This entity assumes the financial risk of potential future events, such as property damage, illness, or liability claims.

Table 1. Record
IdentifierMLC-T-LAW-002669
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-002669",
  "term": "Insurer",
  "field": "Law",
  "definition": "A company or entity that provides financial protection against specified risks in exchange for regular premium payments. The insurer agrees to compensate the policyholder for covered losses according to the terms of an insurance contract. This entity assumes the financial risk of potential future events, such as property damage, illness, or liability claims.",
  "url": "https://mlchart.com/terminology/law/insurer/"
}

Record 2,597 of 5,441 in Law terminology (MLC-0107). Request the full dataset.