Associate In Underwriting (au)
Definition of "Associate in underwriting (au)"
Professional designation earned after the successful completion of four national examinations given by the insurance institute of America (IIA). Covers such areas of expertise as principles of property and liability underwriting, personal lines underwriting, commercial liability underwriting, and commercial property and multiple lines underwriting. Program of study is recommended for individuals who have experience as underwriters or producers.
Popular Insurance Terms
Additional coverage available on most property insurance policies through the extended coverage endorsement. Windstorms, including hurricanes, cyclones, and high winds, are not among the ...
Ceiling on expense reimbursement allowance, as stated in New York insurance law, that an insurance company licensed in New York State can give its agents. This is one reason why a company ...
In workers compensation insurance policies and several business property and liability policies, review of the payroll of a business firm in order to determine the premium for coverage. ...
Group coverage for members of a fraternal association, usually on a nonprofit basis. ...
Prior to 1988, right to withdraw retirement assets before age 59 1/2 without having to pay a 10% penalty under the following circumstances: medical expenses are incurred. the plan ...
Acts or omissions that result in suits against an individual and/or residents of the individual's household for actual or imagined bodily injury and/or property damage to a third party. ...
Cash carried forward from the previous year, plus gains from operations for the current year, plus any capital gains. ...
Insurance policy under which premiums are past due but the grace period has not expired. ...
Cost of the assets listed on the accounting records of the company. These assets include the following: real estate (to include any adjustments for depreciation), transportation equipment ...
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