The Law Dictionary

UNDERWRITE

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

To provide a guarantee that all the shares of an initial public offering or issuance of stock will be purchased by the public or covered by an underwriter. A guarantee of an investment. … [Read more...]

UNDERINSURANCE

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

When an insured person does not have sufficient coverage to meet the needs of damages that result from an accident or for coinsurance requirements. … [Read more...]

UNDERWRITER

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

(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...]

UNDERINSURED

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

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...]

UNDERINSURED MOTORIST COVERAGE

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

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

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