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The term "underwriting" derives from the Lloyd's of London insurance market. Financial backers (or risk takers), who would accept some of the risk on a given venture (historically a sea voyage with associated risks of shipwreck) in exchange for a premium, would literally write their names under the risk information that was written on a Lloyd's slip created for this purpose.
[confusing] The nature and timing of reinsurance and other transactions can lead to the net premium written being negative, but this is likely to be temporary. Under accrual-basis accounting, only premiums pertaining to the relevant accounting period are recognized as revenues. These premiums are called net premiums earned.
As part of the underwriting process, an individual's health information may be used in making two decisions: whether to offer or deny coverage and what premium rate to set for the policy. The two most common methods of medical underwriting are known as moratorium underwriting, a relatively simple process, and full medical underwriting, a more ...
A properly designed and underwritten Protected Self-Insurance Program reduces and stabilizes the cost of insurance and provides valuable risk management information. Retrospectively rated insurance is a method of establishing a premium on large commercial accounts.
However, medical exams are usually not required, making it more accessible than individually underwritten policies. While the premiums are based on group rates, your cost will typically increase ...
For premium support please call: 800-290-4726 more ways to reach us. Sign in. Mail. 24/7 Help. For premium support please call: ... Quality of policies underwritten.
For those in better health, fully underwritten life insurance might offer more coverage for your money. You often get lower premiums and avoid graded death benefit periods, which means the full ...
In investment banking, [1] an underwriting contract [2] is a contract between an underwriter and an issuer of securities.. The following types of underwriting contracts are the most common: