Underwrite definition

Underwrite means the authority to accept or reject risk on behalf of the insurer.

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Underwrite means the acceptance or rejection of risk on

Underwrite means the authority to assume or reject risks on behalf of the insurer.

Examples of Underwrite in a sentence

• The Underwrite Fee shall be 3% of the Underwrite Amount, plus goods and services tax (if any).

• No air conditioner may exceed 10,000 BTUs and all air conditioners must meet Underwrite Laboratory standards.

• Any certificate signed by any duly authorized officer of the Company and delivered to you or to Underwriter’s Counsel on the Closing Date or on the Option Closing Date shall be deemed a representation and warranty by the Company to the Underwrite as to the matters covered thereby.

• The number of Additional Shares to be sold to each Underwriter shall be the number which bears the same proportion to the aggregate number of Additional Shares being purchased as the number of Firm Shares set forth opposite the name of such Underwrite on Schedule I hereto bears to the total number of Firm Shares (subject, in each case, to such adjustment as you may determine necessary to eliminate fractional shares).

• The Pro-Rata Offer shall be made in accordance with the terms and conditions of the invitation and, the Underwrite shall underwrite the offer of the Underwritten Shares subject to Clause 3.

More Definitions of Underwrite

Underwrite means the authority to accept or reject risk on

Underwrite means the authority to accept or reject risk on behalf of the insurer. 91 Acts, ch 26, §2

Underwrite means the authority to accept or reject risk on behalf of the insurer. 91 Acts, ch 26, §2 Referred to in §510.6, 510.10 1. A domestic insurer shall not enter into a contract with a managing general agent unless the domestic insurer notifies the commissioner in writing of its intention to enter into the contract at least thirty days prior to entering into the contract or within a shorter time permitted by the commissioner and the commissioner has not disapproved of the contracts within the time period. The commissioner shall not approve the contracts if the commissioner finds any of the following: a. The service or management charges in the contract are based upon criteria unrelated either to the insurer’s profits or to the reasonable, customary, and usual charges for such services to the company. b. Management personnel or other employees of the insurance company are to be performing management functions and receiving any remuneration for those management functions through the contract in addition to the compensation received directly from the insurance company for their services. c. The contract would transfer substantial control of the insurer or any of the powers vested in the board of directors, by statute, articles of incorporation, or bylaws, or substantially all of the basic functions of the insurer’s management to the managing general agent. d. The contract contains provisions which would be clearly detrimental to the best interest of policyholders, stockholders, or members of the company. e. The officers and directors of the managing general agent firm are of known bad character or have been affiliated, directly or indirectly, through ownership, control, management, reinsurance transactions, or other insurance or business relations with any person known to have been involved in the improper manipulation of assets, accounts, or reinsurance. 2. If the commissioner disapproves of a contract, notice of the disapproval shall be given to the insurer, specifying the reasons in writing. The commissioner shall grant any party to the contract a hearing on the disapproval upon request pursuant to chapter 17A.

Underwrite means to contract, with or without conditions, to subscribe for stocks, shares, bonds or debentures of an enterprise with a view to the resale of the whole or part of it.

Underwrite means the authority to accept or reject risk on behalf of

Underwrite or “Underwriting” means the examination of the Borrower’s application, credit history, income, and financial resources for the purpose of determining whether to extend credit to a Borrower.

Underwrite or “Underwriting” means the examination of an Applicant’s Application, credit history, income and financial resources, assets and appraisal for the purpose of determining whether to extend credit to the Applicant, under applicable Guidelines