Underwriter

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underwriter

n. a company or person which/who underwrites an insurance policy, issue of corporate securities, business, or project. (See: underwrite)

Copyright © 1981-2005 by Gerald N. Hill and Kathleen T. Hill. All Right reserved.

UNDERWRITER, insurances. One who signs a policy of insurance, by which he becomes an insurer.
     2. By this act he places himself as to his responsibility, in the place of the insured. He may cause a re-insurance (q.v.) to be made for his benefit; and it is his duty to act with good faith, and, without quibbling, to pay all just demands against him for losses. Marsh. Ins. 45,

A Law Dictionary, Adapted to the Constitution and Laws of the United States. By John Bouvier. Published 1856.