Life insurance

Life insurance

Industry: Insurance

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Life insurance

Viatical settlement provider

Insurance; Life insurance

Someone who serves as a sales agent, but does not actually purchase policies.

Viator

Insurance; Life insurance

The terminally ill person who sells his or her life insurance policy.

Underwriter

Insurance; Life insurance

The individual trained in evaluating risks and determining rates and coverages for them. Also, an insurer.

Underwriting

Insurance; Life insurance

The process of selecting risks for insurance and classifying them according to their degrees of insurability so that the appropriate rates may be assigned. The process also includes rejection of ...

Underwriting expenses incurred

Insurance; Life insurance

Expenses, including net commissions, salaries and advertising costs, which are attributable to the production of net premiums written.

Underwriting expense ratio

Insurance; Life insurance

This represents the percentage of a company's net premiums written that went toward underwriting expenses, such as commissions to agents and brokers, state and municipal taxes, salaries, employee ...

Risk class, in insurance underwriting, is a grouping of insureds with a similar level of risk. Typical underwriting classifications are preferred, standard and substandard, smoking and nonsmoking, ...