See Also: UNDERWRITER, insurances(law)
Underwriter(law)
underwriter(dictionary)
Underwriter(money)
underwriter(dictionary)
Underwriter(finance)
Managing underwriter(finance)
Lead underwriter(finance)
Managing underwriter(money)
Lead underwriter(money)

UNDERWRITER, insurances (law)


UNDERWRITER, insurances. One who signs a policy of insurance, by which he becomes an insurer. becomes an insurer. 2. By this act he places himself as to his responsibility, in the place 2. By this act he places himself as to his responsibility, in the place of the insured. He may cause a re-insurance (q.v.) to be made for his of the insured. He may cause a re-insurance (q.v.) to be made for his benefit; and it is his duty to act with good faith, and, without quibbling, benefit; and it is his duty to act with good faith, and, without quibbling, to pay all just demands against him for losses. Marsh. Ins. 45, to pay all just demands against him for losses. Marsh. Ins. 45,