Underwriting Fundamentals

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Why you need this course:
Underwriters have responsibility for establishing an insurer’s products, pricing those products, and selecting customers to whom the products will be sold. In performing underwriting functions to achieve these responsibilities, underwriters have limited resources available, and underwriters are limited in their activities by regulatory restrictions.

Upon successful completion of all five modules in this course, you should be able to:

  • Describe the purpose of underwriting and an insurer’s major underwriting activities to achieve that purpose.
     
  • Explain how underwriters protect an insurer’s available capacity.
     
  • Describe the steps in the underwriting process that an underwriter follows in selecting policyholders.
     
  • Describe an underwriter’s options when evaluating an application for insurance.
     
  • Explain how states regulate underwriting activities through restrictions on unfair discrimination, cancellation, and nonrenewal.

Modules can be studied in any order you choose.

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