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Underwriting begins when you first speak with an insurance agent. An experienced agent will ask you questions to help you decide what insurance coverage you need and can afford. I remember when underwriting would take 3-4 weeks to complete but now with new technology, I as the agent am able to access your driving record, claims report, CLUE Report (Shows possible other drivers that may be driving your vehicles and/or living in your home), and credit reports immediately or in a matter of seconds. If you are truthful with the agent up front they can help determine which insurance company will give you the best pricing and coverage with your situation.
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What is the merchant bank?
a bank that deals with international finance ,long term loans to companies ,underwriting
What is In house underwriting when dealing with home mortgages?
In House underwriting means that the lender is doing their own underwriting instead of sending it out to a 3rd party underwriter.
If you have a lot of recent credit enquiries on your report how long does it take for your credit score to improve?
Credit inquires are factored into the score for 12 months for the purposes of lending and for 24 months for purposes of insurance quotes and underwriting.
Can a son take out life insurance policy on his 75 year old mother?
Yes, a son can take out a life insurance policy on his 75-year-old mother with her permission. In most cases, the son would need the mother to consent to the policy and also potentially need to prove insurable interest to the insurance company.
When was Professional Liability Underwriting Society created?
Professional Liability Underwriting Society was created in 1986.
Underwriting requirements for public liability insurance?
underwriting requirements of general public insurance covers
In what country is the JUA Underwriting Agency based?
The JUA Underwriting Agency is based out of Australia. JUA is the preferred insurance underwriting agency for many brokers in Australia. JUA has an office in Sydney and one in Melbourne.
What is contigency underwriting?
I'm not an underwriter, or agent (an adjuster), but think this means they are/will bind the policy 'contigent' on getting the rest of the underwriting history completed, and 'contigent' on that, and everything on the application being correct, or within their underwriting rules.
What banking activities were prohibited to commercial banks by the glass steagall act in 1993?
Underwriting stocks :) plato pals :)
What is the significance of Underwriting profits?
Underwriting profit is the profit after these two things are deducted. The first would be any losses incurred from claims. The second would be the companies administrative expenses. Any premium left after those two deductions is underwriting profit.
What are the underwriting considerations in insurance?
In general, underwriting involves the assessment of risks. Insurance companies have "underwriting guidelines" that define the metes and bounds of the risks they are willing to accept. Those metes and bounds are defined, in turn, by the type of insurance that the insurer issues. That is, the underwriting considerations for a life insurance company involve factors such as age and health, whereas underwriting considerations for an insurer that issues automobile physical damage coverage involves considerations such as make and model of the auto, where the auto is principally kept, number of miles driven, and driving history. The totality of the underwriting factors, in part, determine the premium that the insurer will charge for the insurance.
What is the meaning of underwriting?
of Underwrite, The business of an underwriter,
