UNDERWRITING     Slides 1 of 31 UNDERWRITING DEFINITION     1 A proposal is an application for an INSURANCE COVER 2 The insurer will make a decision as to the ADMISSIBILITY OF THE PROPOSER to the pool of policyholders 3 It has to ensure that every new entrant into the pool has a SIMILAR EXPOSURE to the risks as the others 4 This process of verifying the level risk in each new entrant is called `SELECTION` OR `UNDERWRITING`

Close.