insurer

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Insurer

An individual or company who, through a contractual agreement, undertakes to compensate specified losses, liability, or damages incurred by another individual.

An insurer is frequently an insurance company and is also known as an underwriter.

insurer

n. an insurance company which agrees to pay someone who pays them for insurance for losses suffered pursuant to the terms of an insurance policy. For this benefit the customer pays the company a fee, called a premium. (See: insurance)

insurer

noun assurer, compensator, guarantee, guarantor, indemnifier, indemnitor, insurance company, recompenser, remunerator, surety, underwriter
Associated concepts: absolute insurer, accident and health insurer, agent, broker, casualty insurer, liability insurer, life insurer
See also: guarantor, sponsor, surety

INSURER, contracts. One who has obliged himself to insure the safety of another's property, in consideration of a premium paid, or secured to be paid, to him. It is his duty to pay any loss which has arisen on the property insured. Vide Marsh. Ins. Index,.h. t.; Park. Ins. Index, h. t. Phill. Ins. h. t.; Wesk. Ins. h. t.; Pardess. Index, art. Assureur.

References in periodicals archive ?
Securitizations are a hot new trend as life insurers seek access to cheaper and more reliable sources of capital.
Foreign insurers that are entitled can enter into a closing agreement with the IRS under Rev.
But without the 'federal backstop' of terrorism re-insurance, Mills said, insurers would not be able to offer affordable products to insure such areas.
It's almost inaccurate to stay the economy is the real problem when it's rising costs that are generating the greatest rate increases more than anything else,'' said Joseph Annotti, spokesman for industry trade group the National Association of Independent Insurers.
Existing insurers (other than class 4 insurers) are not required to be re-registered until January 1, 1996.
This election allows foreign insurers to avoid exposure to the branch-profits tax.
He predicts that well-positioned insurers will lend on apartments, retail centers and industrial properties in strong markets, providing borrowers with much-needed, lower-cost capital.
or that insurers do the work of government and be blamed when government fails in its responsibility to make judgments as to what products ought not to be on the market.
Guidewire Software([R]), a leading provider of solutions to property and casualty and workers' compensation insurers, today announced that it has been recognized in four categories in the U.
In recent years there has been a proliferation of bad faith lawsuits against disability insurers resulting in tens of millions of dollars in jury awards.
4371 excise taxes on premiums paid to foreign insurers or reinsurers under a U.