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Underwriting

Underwriting

The process insurance companies use to determine if an applicant qualifies for a policy and, if qualified, the associated limits and cost of coverage. The underwriting process will examine the risk characteristics of the person and/ or their proposed activities, the value of the proposed insured property (in the case of life insurance, this will include the insured person's health) and other factors, including current, past or future economic or weather conditions.

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