Underwriting Rules definition

Underwriting Rules means the written statements, guidelines, or criteria of an insurer, phrased in terms understandable to a person of ordinary intelligence, which describe the standards under which the insurer issues, refuses to issue, renews, refuses to renew, or limits coverage for automobile insurance or home insurance to persons within this state.
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Underwriting Rules means the rules that we apply for Underwriting, including, but not limited to, any documented OnePath underwriting rules or guidelines, any reinsurer underwriting rules or guidelines, any compliance documentation or documented underwriting philosophy or statement, or any applicable guidance note issued by the Financial Services Council with which we must comply. We may vary these guidelines at our sole discretion, from time to time.
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Underwriting Rules mean the Company's rules, rating classifications and rates governing the underwriting of its Designated Products. The Company shall have the sole right and discretion to establish and modify its Underwriting Rules from time to time.
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Examples of Underwriting Rules in a sentence

  • The Board agrees to provide the above mentioned benefit programs within the Underwriting Rules and Regulations as set forth by the carrier(s) in the master contract held by the policyholder.

  • The Underwriting Rules include the basis of rates to be charged, the lines of insurance which may be written, maximum limits of liability, applicable exclusions, territorial limitations, cancellation provisions, the maximum policy period, and control of policy issuance.

  • The Agency, as an independent contractor of the Company, subject to any requirements imposed upon the Agency and the Company by any governmental entity, the terms of this Agreement, and the Underwriting Rules, is authorized and is delegated responsibility to perform or contractually arrange for the adjustment of all claims arising under the Policies issued by the Agency on behalf of the Company hereunder.

  • The Company shall forward to the Agency a copy of the Company's Underwriting Rules, Regulations, and Guidelines ("Underwriting Rules") for use by the Agency in processing such applications and submitting to the Company those which might be accepted by the Company on a facultative basis or as may be otherwise specified in such Underwriting Rules.

  • The "Underwriting Rules" mean the Company's rules, rating classifications and rates governing the underwriting of its Designated Products.

  • In performing its obligations under this Agreement, the Agency shall at all times comply with the Underwriting Rules, as adopted, amended and communicated by the Company from time to time.

  • Assure that in the event any Policy is issued with a deductible endorsement and the Underwriting Rules require collateralization, that the policyholder collateralize all unpaid deductible obligations actuarially valued to their ultimate cost with collateral acceptable to the Company.

  • The Company may amend its Underwriting Rules at any time by providing the Agency written notice thereof, and the Agency shall thereafter process the Policies pursuant to such amended guidelines and procedures.

  • Issue Policies on behalf of the Company to qualifying risks accepted under the Underwriting Rules and issue all related, required statutory and regulatory notifications, if any.

  • All applications and binders of coverage shall be in accordance with the Company's Underwriting Rules or other requirements as the Company shall communicate to the Agency from time to time.


More Definitions of Underwriting Rules

Underwriting Rules means that the Company's action is based on information from any source, including the attending physician and medical examiner, or from rules and regulation of the Underwriting Department that have determined the action.
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