UNDERWRITING AND LIABILITY RISK
Exposure to loss from inappropriate selection and approval of insurance risks.
Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
Exposure to loss from inappropriate selection and approval of insurance risks.
Underwriting syndicate where each member has dual liability. See divided account.
Underwriter’s group existing temporarily and banks formed for marketing new bonds or shares that is too big for one body to handle it. Also known as underwriting group.
Seeming to be everywhere or existing everywhere; omnipresent.
1. Accounting. Leaving off digits that lie to right of a decimal point. 2. Banking. Shortening processing time of cheques. 3. Computing. Cutting off the last string number as it is too
Legislation in some countries like Federal Deposit Insurance Act 1991 In USA. All details moist be made clear to the depositor of the conditions of deposit.
Situation of an unemployment rate that is higher than natural unemployment rate in Keynesian economics.
Solar radiation that is invisible lying just beyond the violet end of a visible spectrum. Wavelength from 10 to 400 nanometres that harms living tissue.
Situation where a plant or machine runs at less than its full capacity in order to accommodate production rate or time for processing.
Reserved that is set aside to cover uncertain costs of a project.
Person working in a job that they are over qualified for.
Hotel guest checking out earlier than the scheduled date of departure.
Maximum amount of loss exposure insured by the insurer.
Part of the premium applying to a reinsured part of the policy.
Social, financial and environmental effects of a company’s policy.
An economics’ cycle lowest point. Compare to peak.
Person’s name appearing at the end of the document, subscriber.
Location of premises for doing business that is or isn’t the official and registered address.
Loss experienced or profit gained from a policy for insurance.
Account holding income recognised to pay insurance premiums.