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(A) 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 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. (B) An insurer, a person or entity … [Read more...] about UNDERWRITER

A person who does not have adequate insurance coverage to meet the needs of damages or loss that stem from an accident or who cannot meet a requirement of co-insurance. … [Read more...] about UNDERINSURED

An automobile insurance policy which covers damages caused by an insured motorist who does not have sufficient funds to pay for damages. … [Read more...] about UNDERINSURED MOTORIST COVERAGE

contracts. An alienation by a tenant of a part of his lease, reserving to himself a reversion; it differs from an assignment, which is a transfer of all the tenant's interest in the lease. And even a conveyance of the whole estate by the lessee, reserving to himself the rent, with a power of re-entry for non-payment, was held to be, not an assignment, but an underlease. Str. … [Read more...] about UNDERLEASE

In conveyancing. A lease granted by one who is himself a lessee for years, for any fewer or less number of years than he himself holds. If a deed passes all the estate or time of the termor, it is an assignment; but, if it be for less portion of time than the whole term, it is an under-lease, and leaves a reversion in the termor. 4 Kent, Comm. 96. … [Read more...] about UNDER-LEASE