0
What is the main responsibility of the underwriting department of a life insurance company?
Wiki User
∙ 16y ago
To assess the risk of all applicants vis a vis the company's insuring guidelines.
Wiki User
∙ 16y ago
Add your answer:
Earn +20 pts
How can you get an underwriter for your insurance license?
Just contact some Insurance Companies of your choice that you are interested in doing business with. You will generally be contacting the agents marketing department for the company. Ask them about an agents appointment. The Insurance Company provides the underwriting services for their appointed agents. .
What can you do with a degree in risk management?
You can start of in underwriting or claims in an insurance company or insurance brokerage firm.
How can an insurance company void your registration?
The insurance company Does Not void your registration, Your State does. Some States department of motor vehicles will void your registration if you have no valid auto insurance or fail to maintain your Financial Responsibility.
What is meant by unwriting do insurance?
Underwriting means accepting legal responsibility for an insurance policy. In Insurance sector, agents are called the First Underwriter,because they come in personal contact with the proposer. After the proposal form with all required documents are submitted before Insurance Company, the Underwriter by his official powers underwrites or accepts legal responsibility for the particular policy.
What does ho mean in insurance?
Depending on the context, this usually refers to the insurance company's "home office", which can be a generic term for any of the following departments: the underwriting department, the new business deartment, the customer service department, etc. Without arguing the above answer, HO may signify Head Office of an insurance company when there are several branch offices throughout the country.
The role of information technology on the underwriting results in insurance company in nigeria?
Role of Information Technology in Insurance Sector
Can you be denied homeowners insurance because you have backyard chickens?
Every Insurance company has it's own underwriting guidelines. So it just depends on the company.
How do you start a title insurance company in Arkansas?
If you are starting a title insurance COMPANY, the actual entity that is an insurance carrier (think 1st American, Chicago, etc.), you will need to contact the Arkansas Department of Insurance as to what their guidelines, reserves, etc. are for becoming a carrier in the state of Arkansas. If you are starting a title insurance AGENCY, the local entity that has a agency agreement with a title insurance COMPANY to sell their insurance products. Please note that a title AGENCY is not the same as a title COMPANY or title UNDERWRITING COMPANY. See the Related Links for more information.
What is responsibility of a sales executive in a insurance company?
duties of a sales executive in an insurance company
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.
Functions of insurance company's legal department?
An insurance company's legal department is there to handle situations that require court appearances or may involve lawsuits. The legal department will represent the company.
Can an insurance company force you to carry your spouse on your plan?
An insurance company, at it's sole discretion, may force health/dental coverage on your spouse if the policy was purchased directly from the company due to the company's underwriting guidelines for standard procedures and are approved by the Insurance Commissioner.
