An Insurance Underwriter is a person who determines the risk in insuring a client, evaluate insurance applciation and determine the coverage amount and premiums.
In the area of insurance, an underwriter is a professional, usually employed by an insurance company, who makes determinations about whether a risk meets the criteria for insurance under a given form of policy. In other financial arenas, underwriters perform similar functions related to financial investments, such as mortgages.
Title Insurance in Texas is highly regulated. To find the Rules and Regulations, you can access the Basic Manual of Texas Title Insurance at www.tlta.com/publications/basicmanual - You may also find more information at the Texas Department of Insurance website at www.tdi.state.tx.us (Select "Title" from the menu) It is much easier to become a "fee office" than a "title agent". A fee office is an attorney that has a fee agreement with an existing title company. For more information, contact the major title insurance underwriters in Texas. They can be found at the Texas Land Title Association (TLTA) website under Membership Directory-Underwriters.
Obviously an insurance company need to be able to "pay out" in the case of a valid claim. Therefore the funds ultimately needed are those needed to cover the entire risk. The way it works is the risk is spread amongst a large pool of underwriters (who can afford to lose the amount staked), who for putting their money up for the risk get a percentage return each year from the client premiums. One also needs a team of assessors to look at claims and make sure there is no fraud going on. Thus an insurance business needs to have a handle on the risk relating to the insurance policies and a pool of underwriters, it is a complex business to get into and not just "an amount of money" need to start a business.
BRADJOHNSIT
Underwriters are the institutions/individuals who agree to buy the shares of the company in case the company is unable to sell all its shares to the public. For providing this safety, the underwriters charge a commission to the company for providing this service
Underwriters are the folks who acces a risk or an insurance application and determine if it meets the Insurance companies underwriting guidelines and capacity for the coverage selected.
Essentially they are the same
Hartford Underwriters Insurance Company, Simsbury, Ct.
Auto insurance companies hire insurance underwriters, who can also be referred to as writers, to underwrite the risk a driver poses to the company. Underwriters determine how much a policyholder will pay for their insurance rates based on how much risk they carry. If a driver has tickets and accidents, an underwrite will rate them accordingly. Underwriters are very important in insurance because they make sure that policyholders pay the correct rates to prevent the insurance company from going bankrupt.
Underwriters assess whether an insurance candidate is worth the risk. They assess whether the company will make money insuring the person.
Fidelity & guaranty ins underwriters inc
Underwriters gather information on applications, review associated risks, and apply underwriting standards to reach a decision about whether or not to cover applicants for insurance
Underwriters in the financial business serve to evaluate financial information in order to assess whether or not a company should take certain financial risks. Underwriters are a sort of insurance for larger financial companies.
"Median annual earnings of wage and salary insurance underwriters were $52,350 in May 2006. The middle 50 percent earned between $40,000 and $71,070 a year. The lowest 10 percent earned less than $32,270, while the highest 10 percent earned more than $92,240. Median annual earnings of underwriters working with insurance carriers were $52,900, while underwriters' median annual earnings in agencies, brokerages, and other insurance related activities were $51,820." -U.S. Department of Labor, Bureau of Labor Statistics
Continental Underwriters LTD, Insure One, Maritime Insurance, Markel Marine, Charter Lakes, and Global Marine Insurance are all insurance companies that offer maritime insurance.
One can get insurance for being infertile from a few places. One can approach specialist healthcare insurance brokers as well as going to the underwriters directly.
Probably not. Many factors are considered by underwriters of insurance companies in determining if a risk will be insured and how much the premium will be. //