What is the Definition of Underwriting?

What is the Definition of Underwriting?

Examining, accepting, or rejecting insurance risks and classifying the ones that are accepted, in order to charge appropriate premiums.

Source: Insurance Handbook A guide to insurance: what it does and how it works | https://www.iii.org/

Label: Insurance
Theme: Dictionary of Insurance Terms

Other Questions: What is the definition of Annuity?

What is the Definition of Underwriting?

You can find random definition and meaning of insurance terms below:


What is the meaning of Insurance Holding Company System

consists of two or more affiliated persons, one or more of which is an insurer.


What is the meaning of Insurance to Value

Amount of insurance purchased vs. the actual replacement cost of the insured property expressed as a ratio.


What is the meaning of Insured

party(ies) covered by an insurance policy.


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