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.
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.
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.