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GLOSSARY

Canadian Financial, Real Estate and Mortgage Glossary

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Underwriting Guide


Synonyms:manual, underwriting practices, written procedures
Filed Under: financial-banking, insurance, mortgages
Tags: banking, insurance, mortgage
 

Definition of underwriting guide

underwriting guide
1. A series of regulations and procedures an underwriter must observe while in the process of underwriting. Products that can be underwritten can include equity capital, credit, mortgages, or insurance.

Related Terms and Acronyms:

  • policy   An insurance contract.
  • premium   A payment made to an insurance company for insurance coverage.
  • underwriter   An entity that issues and distributes financial products including equity capital, credit, mortgages, and insurance.
  • underwriters association   A group of underwriters in a specific field who join together to maintain professional standards.
  • underwriting (UW)   Assessing individuals for eligibility and issuing and distributing a financial product such as insurance, equity capital or credit.
  • underwriting expenses   The expenses accumulated by an insurance company while underwriting a product.
  • underwriting income   The income earned by an insurer from underwriting in a certain amount of time.
  • underwriting risk   The total amount of risk an entity takes on from underwriting something.

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