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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.
Wiki User
∙ 16y ago
Contingency underwriting refers to the practice of providing insurance coverage for specific events or situations that fall outside of the usual scope of coverage provided by a standard policy. Insurers may offer contingency coverage for unique risks that require customized terms and conditions. This type of underwriting allows insurers to tailor coverage to meet the specific needs of a client for non-standard risks.
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What do you mean by contigency?
contingency
The contigency fund of state is operated by whom?
governor
Does contigency planning facilitates the transition to crisis action planning?
True
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.
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
What is contigency recruitment?
Contigency recruitment is when a recruitment firm only gets paid when they fill a position. Usually the client (company who is hiring) will pay a fee of 15 - 20% of the first year base salary. This is the most common type of recruitment. For more information you on contigency recruitment process look: http://www.goldbeck.com/recruiter_headhunter_services/canada_executive_search_recruiter.php http://www.media-types.co.uk/clients/default.htm#Contingency%20Recruitment
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 management theory is bp using?
Behavioural science approach,management science & contigency theory
Preparation of disaster contigency plan?
To prepare a disaster contingency plan, identify potential risks, create a communication strategy, establish an emergency response team, develop evacuation procedures, secure necessary resources such as first aid kits and emergency supplies, and regularly review and update the plan as needed. It's important to involve key stakeholders in the planning process to ensure a comprehensive and effective plan.
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.
