Health / Health Insurance / Underwriting
Underwriting: The process of identifying and classifying the risk represented by an individual or group.
Underwriting Manual: A document that provides background information about various underwriting impairments and suggests the appropriate action to take if such impairments exist.
Underwriting Syndicate: The income that is generated by the underwriting syndicate and the selling group, which is essentially the difference between the amount paid to the issuer of securities in a primary distrib . . . View Full Definition
Underwriting Income: The portion of the gross underwriting spread that compensates the securities firms that underwrite a public offering for their services.
Underwriting Fee: This is a fee charged by the lender to evaluate whether the borrower qualifies for a mortgage loan. An underwriting fee may be charged to the borrower and shown on the Settlement Statement (HUD-1).
Medical Underwriting: The evaluation of health questionnaires submitted by all proposed plan members to determine the insurability of the group.
Firm Commitment Underwriting: Refers to an order to buy or sell that can be executed without confirmation for some fixed period. Also, a synonym for company.
All-Or-None Underwriting: An arrangement whereby a security issue is cancelled if the underwriter is unable to resell the entire issue.
Automated Underwriting: Computer systems that permit lenders to expedite the loan approval process and reduce lending costs.
Underwriting Requirements: Requirements, sometimes relating to group characteristics or financing measures, that MCOs at times impose in order to provide healthcare coverage to a given group and which are designed to . . . View Full Definition
Word of the Day:
Fragrance: The sensation of the gases released from ground coffee as they are inhaled through the nose. Ranges from sweetly floral to sweetly spicy.