Legal Term: UNDERWRITER,

Definition: insurances. One who signs a policy of insurance, by which he becomes an insurer.

2. By this act he places himself as to his responsibility, in the place of the insured. He may cause a re-insurance (q. v.) to be made for his benefit; and it is his duty to act with good faith, and, without quibbling, to pay all just demands against him for losses. Marsh. Ins. 45,

Return to the Legalnut.com Law Dictionary