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Encyclopedia Britannica - Main :: TUM-VAN |
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UNDERWRITER , one who insures ships
writing his name under the document or policy of insurance
request
risk
risk
insurance
equivalent
contract . When the risk is divided up among several underwriters, each signs his name individually, putting opposite thereto the amount for which he accepts liability. Each signature has the effect of making a separate
contract , in the terms of the policy, for the amount set opposite the name of the underwriter. (See INSURANCE: Marine.)End of Article: UNDERWRITER If you wish, you can link directly to this article.
<a href="http://jcsm.org/StudyCenter/Encyclopedia/TUM_VAN/UNDERWRITER.html"> UNDERWRITER </a> |
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