Direct Writer
Definition of "Direct writer"
- property insurer that distributes its products through a direct selling system. Traditionally, insurers often were known as direct writers if they used either a direct selling system or an exclusive agency system for distribution. Increasingly, the term applies only to those using a direct selling system.
- reinsurer that deals directly with a CEDING COMPANY, without using a reinsurance broker.
Popular Insurance Terms
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Present value of future benefits. This type of reserve would be applicable for single premium life insurance, paid-up insurance, single premium annuity, and a paid-up annuity. ...
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Tax, under federal and state laws, on transfer of property made without payment or other value in exchange. ...
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