Consortium Underwriting
Method of underwriting by which one or a group of Lloyd's underwriters write business on behalf of a number of Lloyd's syndicates and other insurance companies. Among the benefits of underwriting in this manner are that potential earnings could equal the syndicate's expenses and stabilize the planning of staff as well as other general overhead requirements.
Popular Insurance Terms
Periodic payments to an annuitant. ...
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Type of pension plan in which the employer (if noncontributory plan) or the employer and employee (if contributory plan) make level annual premium payments to fund the future retirement ...
Trade association of surplus lines agents and insurers. ...
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