Examples from the Web for underwriter
Usually the broker keeps a current account with the underwriter, and premiums and losses are dealt with in account.
Bill of sale and abandonment with subrogation to underwriter—that is, an assignment of all interest to the underwriter.
The contract is deemed to be concluded when the underwriter accepts the risk, whether the policy be then issued or not.
It states the limits of voyage and value covered by the underwriter, and the class of ships to be employed.
The consideration paid by the insured to the underwriter in return for the protection granted by the latter is called the premium.
British Dictionary definitions for underwriter
- a person or enterprise that underwrites insurance policies
- an employee or agent of an insurance company who assesses risks and determines the premiums payable