Underwriting

An insurance companyAn insurance company must be licensed by the Department of Insurance to sell health insurance. The insurer issues a policyThe written contract of insurance. when it believes you have a certain level of "riskThis word has two meanings for insurers: (1) the chance of loss such as from a peril; and (2) the person" or chance of a claimNotice to an insurer that under the terms of a policy, a loss maybe covered.. Underwriting is the process the company uses to decide whether to accept or reject an applicationUnder the Equal Credit Opportunity Act (ECOA), an oral or written request for an extension of credit. Companies do not make their underwriting guidelines publicIn trade parlance, non-professional speculators as distinguished from hedgers and professional speculators or traders. because they are considered to be trade secrets.

Underwriting

Assessment of the riskThis word has two meanings for insurers: (1) the chance of loss such as from a peril; and (2) the person of enrolling an individualA person as defined. or a group in a health planA policy of health insurance issued by a health maintenance organization, an insurance company, Blue.

Underwriting

Insuring something against lossThe occurrence of the event for which insurance pays.; guaranteeing financially.

Underwriting

The analysis of the riskThis word has two meanings for insurers: (1) the chance of loss such as from a peril; and (2) the person involved in making a mortgage loanThe legal agreement where a borrower is obligated to repay a lender for money borrowed to purchase a home. to determine whether the risk is acceptable to the mortgage companyA Supervised Lender is any person authorized to make or take assignments of supervised loans either. Underwriting involves the evaluation of the propertyThe rights or interests a person has in the thing he owns; not, in the technical sense, the thing itself. as outlined in the appraisalThe sale value of a property based on analysis by a licensed real estate appraiser. The analysis is, the borrowerPerson responsible for repaying a loan who has signed and agreed to the terms in the promissory note.'s ability to repay the loanTransfers for which the recipient incurs a legal debt and repayment is required over time, with or without, the borrower's creditworthinessThe way a lender measures the ability of a person to qualify and repay a loan. and the applicationUnder the Equal Credit Opportunity Act (ECOA), an oral or written request for an extension of credit of criteria specified by investors to whom the mortgageIncludes all forms of debt for which real property, that is, land and/or buildings, is given as security. company might sell or transferChange of jurisdiction over real property from one Federal agency or department to another, including mortgages.

Underwriting

The decision whether to lend someone money. The decision is based on the personAn individual, corporation, partnership, Limited Liability Company or other legal entity. (REF CGS §38a-1(14)).'s creditThe ability of a person to borrow money, or buy good by paying over time. Credit is extended based on, employment, and other factors. It also involves determining how much money to lend, at what rateThe pricing factor upon which the insurance buyer's premium is based., and for how long(1) One who has bought a futures contract to establish a market position; (2) a market position that.

Underwriting

The process a lenderThe entity that provides loan funds to the borrower. Depending on the type of loan, the lender may be uses to determine loanTransfers for which the recipient incurs a legal debt and repayment is required over time, with or without approval. It involves evaluating the propertyThe rights or interests a person has in the thing he owns; not, in the technical sense, the thing itself. and the borrowerPerson responsible for repaying a loan who has signed and agreed to the terms in the promissory note.'s creditThe ability of a person to borrow money, or buy good by paying over time. Credit is extended based on and ability to pay the mortgageIncludes all forms of debt for which real property, that is, land and/or buildings, is given as security..

Underwriting

The process by which an insurance companyAn insurance company must be licensed by the Department of Insurance to sell health insurance. The insurer selects and classifies risks according to their degree of insurabilityThe health status of an insurance applicant, which makes him/her acceptable to an insurance company,.

Underwriting

The process by which an insurerThe insurance company. establishes and assumes risks. An insurance companyAn insurance company must be licensed by the Department of Insurance to sell health insurance. The insurer is underwriting when it agrees to insure you because you are healthy or rejects your applicationUnder the Equal Credit Opportunity Act (ECOA), an oral or written request for an extension of credit because you have a history of health problems.

Underwriting

The process of analyzing a loan applicationThe loan application is a source of information on which the lender bases a decision to make the loan; to determine the amount of riskThis word has two meanings for insurers: (1) the chance of loss such as from a peril; and (2) the person involved in making the loanTransfers for which the recipient incurs a legal debt and repayment is required over time, with or without; it includes a review of the potential borrowerPerson responsible for repaying a loan who has signed and agreed to the terms in the promissory note.'s credit historyThe history of an individual's debt repayment. For most types of loans, lenders use this information and ability to pay the mortgageIncludes all forms of debt for which real property, that is, land and/or buildings, is given as security., and a judgmentThe final determination of the rights and liabilities of the parties in an action, as decreed by a court. of the propertyThe rights or interests a person has in the thing he owns; not, in the technical sense, the thing itself. valueThe terms "full value", "full cash value", "cash value", "actual value" and "fair market value" mean.

Underwriting

The process of classifying applicants for insuranceSee "property insurance;" "private mortgage insurance;" "insured mortgage;" "title insurance." by identifying such characteristicsDistinguishing features of a (residential) property. as age, sex, health, occupation and hobbies. People with similar characteristics are grouped together and are charged a premiumThe sum paid by a policyholder to keep an insurance policy in force based on the group's level of riskThis word has two meanings for insurers: (1) the chance of loss such as from a peril; and (2) the person. The process includes rejection of unacceptable risks.

Underwriting

The process of evaluating a loan applicationThe loan application is a source of information on which the lender bases a decision to make the loan; to determine the riskThis word has two meanings for insurers: (1) the chance of loss such as from a peril; and (2) the person involved for the lenderThe entity that provides loan funds to the borrower. Depending on the type of loan, the lender may be. Underwriting involves an analysis of the borrowerPerson responsible for repaying a loan who has signed and agreed to the terms in the promissory note.'s creditworthinessThe way a lender measures the ability of a person to qualify and repay a loan. and the qualityAn indicator of the overall quality of the primary structure. of the propertyThe rights or interests a person has in the thing he owns; not, in the technical sense, the thing itself. itself.

Underwriting

The process of identifying and classifying the degree of riskThis word has two meanings for insurers: (1) the chance of loss such as from a peril; and (2) the person represented by a proposed insuredThe policyholder - the person(s) protected in case of a loss or claim..

Underwriting

The process of selecting applicants for insuranceSee "property insurance;" "private mortgage insurance;" "insured mortgage;" "title insurance." and classifying them according to their degrees of insurabilityThe health status of an insurance applicant, which makes him/her acceptable to an insurance company, so that the appropriate premiumThe sum paid by a policyholder to keep an insurance policy in force rates may be charged. The process includes rejection of unacceptable risks.

Underwriting

The process of selecting risks for insuranceSee "property insurance;" "private mortgage insurance;" "insured mortgage;" "title insurance." and determining in what amounts and on what termsThe specific conditions of a loan, including the requirements governing receipt and repayment of a loan. the insurance companyAn insurance company must be licensed by the Department of Insurance to sell health insurance. The insurer will accept the riskThis word has two meanings for insurers: (1) the chance of loss such as from a peril; and (2) the person.