Underwriting Capacity Manager (UCM) definition
Underwriting Capacity Manager (UCM) means an FCIC system that monitors the amount of insurance authorized to be insured or reinsured, and accepts or rejects the application of an eligible producer based on the availability of such amount of insurance, if limits have been placed by Federal legislation or FCIC on the amount of insurance authorized to be insured or reinsured. “Underwriting gain” means the amount by which the Company’s share of retained net book premium exceeds its share of retained ultimate net losses.