Underwriter Lay


Definition of "Underwriter, lay"

Individual who works in the home office of an insurance company and performs the function of underwriting to determine if an applicant is insurable at standard rates, substandard rates, insurable at preferred rates, or is uninsurable.



Search Real Estate Glossary

 

Related Real Estate Glossary terms

Net Amount At Risk

in life insurance, difference between the face value of a life insurance policy and its cash value ...

Appointed Actuary

Actuary, appointed by the life insurance company, required by the national association of insurance ...

Sales-assessment Ratio

Selling price of a property divided by its appraisal value. If real estate has a selling price of $4 ...

Quadrangle

A rectangular area bordered on all sides by buildings. Often, a quadrangle is grassy with decorati ...

Real Estate Counselor

Person providing advice for compensation about real estate. ...

Divestiture

(1) Surrendering voluntarily or involuntarily ownership of property or an interest therein. (2) Cou ...

Related Real Estate FAQ

Should I Pay Points For A Lower Rate?

Paying points for a lower interest rate is a trade off between paying money now versus paying money ...

Should I Pay Extra Each Month?

This calculator figures how much interest savings you will have depending on how much extra you pay ...

What Will My ARM Loan Payment Be ?

RealEstateAgent.com calculator will compute your initial payments and estimate your future payments. ...

What Is An Agent?

A person authorized to work on anothers behalf-for instance, a person authorized to sell or buy a ho ...

What Is A APR Loan?

This APR Calculator can be used to estimate the Annual Percentage Rate for a loan based on input par ...

How Can I Figure Out My Debt-to-income Ratio?

To figure out where you stand on the debt-to-income ratio, you must first understand the meaning of ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

How is Square Footage Determined? Real Estate Open House - The Dos and Don When to buy a house 7 Things to Consider Before Moving to a New City What do Real Estate Attorneys do?

FAQ

What do I need to know about Universal Life Insurance? What do I need to know about Indemnity Insurance? What is escrow? What is a basic policy? I need Hospital Insurance in addition to my current health insurance policy?