What is the meaning of underwriting in insurance?

Answer Insurance companies use underwriters to determine if you are insurable, and if you are, at what rate. Underwriters evaluate all types of insurance including health, life and auto.RiskThe insurance ... Read More »

Top Q&A For: What is the meaning of underwriting in insurance

What is health insurance underwriting?

Health insurance is a type of agreement that protects individuals from financial hardship due to the expense of medical care. Health insurance underwriting is the process of determining whether a c... Read More »

What Is Life Insurance Underwriting?

A life insurance policy is a legal contract between you and an insurance company. If you die while coverage is still in force, the insurance company is obligated to pay your beneficiaries a predefi... Read More »

What is the main responsibility of the underwriting department of a life insurance company?

Answer To assess the risk of all applicants vis a vis the company's insuring guidelines.

Insurance Underwriting Questions?

You must always answer questions when you apply for insurance, and the type, amount and cost of the insurance depends upon the answers you give. The specific questions you must answer vary by type ... Read More »