Insurance
المسؤولية القانونية
The legally enforceable obligation of an insurer or insured to compensate a third party for loss or damage caused by acts, omissions, or negligence, as established by law, contract, or court judgment. Central to liability insurance products.
Quick answer: The legally enforceable obligation of an insurer or insured to compensate a third party for loss or damage caused by acts, omissions, or negligence, as established by law, contract, or court judgment. Central to liability insurance products.
This term page is part of the Protermify Finance glossary and is published as static HTML for fast indexing and clear language coverage.
Quick answer
The legally enforceable obligation of an insurer or insured to compensate a third party for loss or damage caused by acts, omissions, or negligence, as established by law, contract, or court judgment. Central to liability insurance products.
Why it matters
المسؤولية القانونية matters because it supports clear communication in Insurance contexts for Financial Analysts, Bankers, and Traders. It also connects to aviation training and exam language such as CFA, ACCA, and FRM.
Editorial context
This page is rendered as static HTML from source-backed terminology data so search engines and AI systems can parse the content without client-side code.
Definition
The legally enforceable obligation of an insurer or insured to compensate a third party for loss or damage caused by acts, omissions, or negligence, as established by law, contract, or court judgment. Central to liability insurance products.
Operational example
A general liability policy covers the insured's legal liability for bodily injury or property damage to third parties arising from covered incidents.
Localized term
المسؤولية القانونية
Localized example
تغطي وثيقة المسؤولية العامة المسؤولية القانونية للمؤمن له عن الإصابات الجسدية أو الأضرار التي تلحق بالغير.
Definition language
English reference definition
Source
CFA Institute, IFRS Foundation, FASB (GAAP), Basel III Framework
Target audience
- Financial Analysts
- Bankers
- Traders
