Underwriter/Underwriting
Someone who works for a commercial insurance company who decides whether or not to accept a proposal for insurance and, if so, on what terms and conditions.
Archive:
Uninsurable Risks
There are many different types of insurance cover available, but some things are just uninsurable. For example, if you are a drug-smuggler, you cannot expect any commercial insurance company to give you cover against the possibility of arrest and detention.
Validity Period
The period in which a quote is valid, i.e. 30 days.