underwriting

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underwriting

Health insurance The process of determining a person's insurability in terms of life, liability, home, and other insurance policies and whether it will accept an application for insurance. See Field underwriting, Medical malpractice underwriting.
References in periodicals archive ?
At the time of application, one can go online and verify information instantly rather than send or upload applications to the home office to have underwriters order a report and wait a week or two for it to come in.
Auto insurance underwriters pull detailed motor vehicle reports; check past tickets; review accidents, moving violations, and DUIs; and review type of occupation and how far work is from home," says Stephanie D.
Underwriters may request copies of minutes from board meetings and ask to review the audit committee charter, and with a five-year rotation of the senior auditing partner now required, underwriters typically ask about the length and scope of these relationships.
Some underwriters use independent services such as Marshall & Swift, or the Boeckh valuation systems.
For that matter, why should any money be spent on training underwriters if it's just a drain on already nonexistent origination profits.
The underwriter is the person(s) or firm actually conducting the due diligence.
72, Letters for Underwriters and Certain Other Requesting Parties.
The reality for D&O underwriters, probably today more than ever, is they must apply extreme diligence and attention to detail when evaluating these requests.
They discussed the topics in depth until the underwriters, their counsel and our counsel were satisfied that we'd resolved all the issues successfully.
Description: This designation is awarded to attorneys, chartered life underwriters, certified public accountants, certified trust and financial advisers, chartered financial consultants and certified financial planners.