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Related to underwriter: insurance underwriter


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

See: guarantor, insurer, surety

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,

References in periodicals archive ?
Dan Velazquez is senior underwriter, Great American Life of Puerto Rico.
Mortgage underwriters are necessary to ensure the accuracy of the information in a loan application and objectively determine a borrower's classification for a particular loan program," says Brad German, director of public relations for Freddie Mac, a stockholder-owned corporation that buys mortgages from lenders.
Insurance underwriters seeking to gain a better understanding of potential liability exposures of directors and officers are focusing attention on corporate governance matters.
If you talk with some underwriters, they point out that this goal can lead to some policyholders understating their values to keep costs down.
Desktop Underwriter is one of the mortgage industry's leading automated underwriting systems.
One East Coast conventional loan underwriter offers a glaring example of this.
An increased volume of public offerings means clients may ask CPAs to provide letters to underwriters (often referred to as comfort letters).
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.
OREO Marketing: The underwriter must consider, evaluate and budget all outside contractors and vendors currently or prospectively providing services pertaining to the asset under review.