Mar 1, 2020 19:55
4 yrs ago
43 viewers *
English term

underwritten

Non-PRO English Other Insurance
This plan of benefits is underwritten by Aetna Life Insurance Company (Delaware).
Change log

Mar 2, 2020 01:09: Rachel Fell changed "Level" from "PRO" to "Non-PRO"

Votes to reclassify question as PRO/non-PRO:

PRO (1): Daryo

Non-PRO (3): Yvonne Gallagher, philgoddard, Rachel Fell

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Discussion

Tina Vonhof (X) Mar 2, 2020:
@Masoud Before posting questions on proz.com, you could check here first:
https://content.naic.org/consumer_glossary.htm#P

Responses

+5
2 hrs
Selected

guaranteed

to underwrite: to sign and accept liability under an insurance policy, thus guaranteeing payment in case loss or damage occurs.


E.g. "the policy, underwritten at Lloyd's, indemnifies trustees against loss arising from wrongful acts"
Peer comment(s):

agree Yvonne Gallagher : the only valid CL5 here //confidence level 5=100% sure, that is rather brazenly being claimed by so many on Kudoz these days. A new trend it seems
1 hr
Thank you. What is CL5?
agree writeaway : insurance 101
2 hrs
Thank you
agree Daryo
3 hrs
Thank you
agree AllegroTrans : valid answer and correct explanation
13 hrs
Thank you
agree Tina Vonhof (X)
17 hrs
Thank you
Something went wrong...
4 KudoZ points awarded for this answer.
-3
3 mins

financed/supported

financed/supported
Peer comment(s):

disagree Yvonne Gallagher : wrong
3 hrs
Is that the only word you know? Why don't you say why?
disagree Daryo : the plan is "financed" by the contributions /premiums you pay - medical insurance companies are not in the habit of giving money away.
5 hrs
disagree AllegroTrans : totally wrong - this is about insurance
15 hrs
Something went wrong...
-2
51 mins

is contracted

Peer comment(s):

disagree Yvonne Gallagher : wrong
3 hrs
agree philgoddard
3 hrs
disagree Daryo : there definitely IS a "contract" in this story, but "contracted" is ways too vague.
4 hrs
disagree AllegroTrans : This is not a good synonym to explain the term and your reference is to the term "contract" in general - asker's text is specifically about insurance
14 hrs
Something went wrong...
-2
2 hrs

insured

This plan of benefits is insured by Aetna Life Insurance Company (Delaware).

to underwrite: to insure.

https://www.thefreedictionary.com/Underwrite
Peer comment(s):

disagree Yvonne Gallagher : wrong. It's meaning 2a in your ref in THIS context (in case you're interested). You can't just take the first word and assume it's right (even if someone agrees with you it's still wrong here).
1 hr
agree philgoddard
2 hrs
disagree Daryo : how do you "insure" a plan of benefits??? Against which risks? And who would be the beneficiary? .... You need more than just a glossary to untwist this, I'm afraid ...
2 hrs
disagree AllegroTrans : In one sense yes, but this does not explain the term although your reference does
13 hrs
Something went wrong...
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