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LSDefine

Simple English definitions for legal terms

chartered life underwriter

Read a random definition: soit baile aux seigneurs

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.

charter agreement | chartered ship

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im distracting myself by schizo-scrolling r/lawschoolamissions and every conceivable data point on this godforsaken website
it is not working
Haaa I naturally want to do that too. I’m trying to stop. They need a surgeon general’s warning on this site for perspective law students
i spend more time on here then anything else trying to rationalize that the waves from last year will match waves for this year (they won't) and that the stats of people with the same stats are indicative of my own (they aren't)
There aren't many people in my stat range so I pretty much know every result in my range after being on here for a few years
9:28
congrats on the 172 bruce
go dawgs fr
9:29
roll tide
do we foresee a fordham election day wave today (i'm delusional)
WorthlessAttractiveZombie
9:31
I think so, Jack
9:31
some people hate him. some people love him, but he a real one: https://youtu.be/w5oEqiVQcF4?t=173
9:32
[kevin oleary]
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
WorthlessAttractiveZombie
9:34
I mean if Fordham doesn't release today I will purposefully get on a train, go to new york, and then take the stinkiest shit inside the admission office's toilet (potentially clogging it and forcing them to get a plumber)
IS IT ONLY ON MY END WHY DID THAT SEND TEN MILLION TIMES
HELLO
WorthlessAttractiveZombie
9:35
it sent a million times lol
WHAT HAPPENED
yeah i thought you were tweaking for a second
i'm so sorry everyone what the actual fuck this website hates me
WorthlessAttractiveZombie
9:35
Jack's just tweaking on LSD no biggie
to be fair this accurately represents my mental state
election day psychosis coming in hot (fordham)
usc pls pull through .....
i literally just need one A so i can relax before my ED decision
WorthlessAttractiveZombie
9:38
oh that's right USC might release
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