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What do you mean by Underwriter in insurance term?

What is the meaning of underwriter and what are the roles of him in insurance industry? Please explain in detail.
asked Jun 25, 2012 by anonymous

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Underwriter is an employee of insurance company. He scrutinizes every proposal and decides whether to accept or reject it. If the proposal is accepted, he decides the premium.
answered Jun 25, 2012 by anonymous

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