Section 11 Application Process

• Library: Prof Liability 2005

Underwriting is the process by which insurance carriers seek to determine and assess the risk they are agreeing to undertake. Modifications of this risk may be based on:

• specialty within the profession
• mix of services provided
• location
• years of professional experience
• education and training;
• prior claim history;
• policy limits;
• deductible;
• extent of prior acts coverage; and
• loss control programs.

The application is the tool used by the underwriter to obtain the necessary information from the client...