Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

insurance underwriter

Read a random definition: trademark search

A quick definition of insurance underwriter:

An insurance underwriter is a person who works for an insurance company and decides whether or not to give someone insurance and how much it should cost. They look at different factors like the person's age, health, and job to decide how risky it is to insure them. It's like a game of guessing how likely it is that something bad will happen and how much money the insurance company might have to pay out.

A more thorough explanation:

An insurance underwriter is a person who works for an insurance company and is responsible for deciding whether to provide insurance coverage to a person or organization and how much to charge for that coverage. They evaluate the risk of insuring someone or something and determine the appropriate premium to charge.

For example, if someone wants to insure their car, the insurance underwriter will look at factors such as the driver's age, driving record, and the type of car being insured to determine the likelihood of an accident occurring. Based on this evaluation, they will decide whether to provide coverage and how much to charge for it.

Another example is when a business wants to purchase liability insurance. The insurance underwriter will assess the risks associated with the business's operations and determine the appropriate coverage and premium.

Overall, insurance underwriters play a crucial role in the insurance industry by helping to manage risk and ensure that insurance companies are financially stable.

insurance policy | insurant

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
Dkk
19:42
SEO is big money
2016 pushed the conservative party into populism irreversibly
Dkk
19:43
Maybe, but if this is populism, then every election is populist.
19:43
@Dkk: yeah register 1 website and every swinging tom dick and harry calls/emails/texts to 'help with seo'. like bruh, if YOU found it, what i am doing is working
Dkk
19:43
Indeed!
19:48
wasp, i think people are hopeful for a gov who at least attempts to care about the common man
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
LSD+ is ad-free, with DMs, discounts, case briefs & more.