Write
Term · Insurance and risk management · MLC-T-INS-003562
To underwrite and issue an insurance policy, thereby accepting the risk of a potential loss in exchange for a premium. An insurer or underwriter 'writes' a policy when they agree to provide coverage based on their assessment of the risk. This action commits the insurer to the terms and conditions of the contract.
| Identifier | MLC-T-INS-003562 |
|---|---|
| Field | Insurance and risk management |
Record as JSON
{
"id": "MLC-T-INS-003562",
"term": "Write",
"field": "Insurance and risk management",
"definition": "To underwrite and issue an insurance policy, thereby accepting the risk of a potential loss in exchange for a premium. An insurer or underwriter 'writes' a policy when they agree to provide coverage based on their assessment of the risk. This action commits the insurer to the terms and conditions of the contract.",
"url": "https://mlchart.com/terminology/insurance/write/"
}
Record 3,717 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.