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Simple English definitions for legal terms

chartered life underwriter

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A quick definition of chartered life underwriter:

A chartered life underwriter is a person who has completed specific requirements to become an expert in life insurance. They help people understand and choose the right life insurance policies for their needs. An underwriter is someone who decides whether to provide insurance coverage and how much it should cost. They work for insurance companies and help protect people from financial loss due to unexpected events.

A more thorough explanation:

A Chartered Life Underwriter (CLU) is an underwriter who has met the requirements set by The American College (formerly The American College of Life Underwriters) to be designated as a life insurance underwriter. They are responsible for assessing the risk of insuring a person's life and determining the appropriate amount of coverage and premium to charge.

For example, if someone wants to purchase a life insurance policy, a CLU will review their medical history, lifestyle habits, and other factors to determine the likelihood of them passing away during the policy term. Based on this assessment, the CLU will determine the appropriate amount of coverage and premium to charge.

The term "underwriter" comes from former British insurance practices where investors would insure cargo for shippers. The insurers would add their signatures and write their names under those of the shipper, hence the term "underwriters." In the securities market, an underwriter is a person or entity, such as an investment banker, who guarantees the sale of newly issued securities by purchasing all or part of the shares for resale to the public.

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JumpySubsequentDolphin
20:46
if you’re the slightest bit curvy they are so obnoxious. me and my Abercrombie curve love’s are good together
SHUT UP I LOVE ABERCROMBIE JEANS
m10
20:47
Did y'all see this from ararara last night? https://studicata.com/case-briefs/all/
THOSE FIT SOO GOOD. i desperately need new jeans tho i ahvent gone shopping in millennia so a discount would come in clutch
JumpySubsequentDolphin
20:48
I got these jeans from re/done on a crazy sale and I love them BYT RHEY HAVE FIVE BUTTONS
JumpySubsequentDolphin
20:48
I DIDNT REALIZE WHEJ I BOUGHT THEM BC THEYRE HIDDEN. LIKE INSTEAD OF A ZIPPER THEYREBALL BUTTONS
JumpySubsequentDolphin
20:48
what if I have to pee.
THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
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