Underwrite definition

Underwrite means the authority to accept or reject risk on behalf of the insurer.

Underwrite means the acceptance or rejection of risk on

Underwrite means the authority to assume or reject risks on behalf of the insurer.

Examples of Underwrite in a sentence

• Underwrite: "Underwrite" or "Underwriting" means the examination of an Applicant's Application, credit history, income and financial resources, and the real estate collateral to be used as security for the Mortgage Loan, using the underwriting standards of the particular Mortgage Loan Program for the purposes of determining whether to extend credit to an Applicant.

• MK Lending or its agent shall Underwrite every Application Registered pursuant to this Agreement.

• Underwrite securities of other issuers except insofar as the Corporation may be deemed an underwriter under the Securities Act of 1933 in selling portfolio securities.

• Underwrite securities of other issuers except insofar as the Fund may be deemed an underwriter under the Securities Act of 1933 in selling portfolio securities.

• Threshold Review and Financial Underwrite: OHFA will conduct a thorough review and evaluation of each proposal’s ability to proceed, compliance with program requirements, and financial feasibility.

More Definitions of Underwrite

Underwrite means the authority to accept or reject risk on

Underwrite or “Underwriting” means the examination of an Applicant’s Application, credit history, income and financial resources, assets and appraisal for the purpose of determining whether to extend credit to the Applicant, under applicable Guidelines

Underwrite means to contract, with or without conditions, to subscribe for stocks, shares, bonds or debentures of an enterprise with a view to the resale of the whole or part of it.

Underwrite means the authority to accept or reject risk on behalf of the insurer. 91 Acts, ch 26, §2 Referred to in §510.6, 1. A domestic insurer shall not enter into a contract with a managing general agent unless the domestic insurer notifies the commissioner in writing of its intention to enter into the contract at least thirty days prior to entering into the contract or within a shorter time permitted by the commissioner and the commissioner has not disapproved of the contracts within the time period. The commissioner shall not approve the contracts if the commissioner finds any of the following: a. The service or management charges in the contract are based upon criteria unrelated either to the insurer’s profits or to the reasonable, customary, and usual charges for such services to the company. b. Management personnel or other employees of the insurance company are to be performing management functions and receiving any remuneration for those management functions through the contract in addition to the compensation received directly from the insurance company for their services. c. The contract would transfer substantial control of the insurer or any of the powers vested in the board of directors, by statute, articles of incorporation, or bylaws, or substantially all of the basic functions of the insurer’s management to the managing general agent. d. The contract contains provisions which would be clearly detrimental to the best interest of policyholders, stockholders, or members of the company. e. The officers and directors of the managing general agent firm are of known bad character or have been affiliated, directly or indirectly, through ownership, control, management, reinsurance transactions, or other insurance or business relations with any person known to have been involved in the improper manipulation of assets, accounts, or reinsurance. 2. If the commissioner disapproves of a contract, notice of the disapproval shall be given to the insurer, specifying the reasons in writing. The commissioner shall grant any party to the contract a hearing on the disapproval upon request pursuant to chapter 17A.

Underwrite means the authority to accept or reject risk on behalf of

Underwrite means the authority to accept or reject risk on behalf of the insurer. 91 Acts, ch 26, §2Referred to in §510.6, 510.10

Underwrite means to accept or reject risks on behalf of the insurer. [1993 c 462 § 35.]