English term
underwritten
5 +5 | guaranteed | Mark Robertson |
5 -2 | is contracted | esmaeel balaghi |
5 -2 | insured | Kiet Bach |
5 -3 | financed/supported | Ali Sharifi |
Mar 2, 2020 01:09: Rachel Fell changed "Level" from "PRO" to "Non-PRO"
PRO (1): Daryo
Non-PRO (3): Yvonne Gallagher, philgoddard, Rachel Fell
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Responses
guaranteed
E.g. "the policy, underwritten at Lloyd's, indemnifies trustees against loss arising from wrongful acts"
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
|
financed/supported
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
|
is contracted
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
|
insured
to underwrite: to insure.
https://www.thefreedictionary.com/Underwrite
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
|
Discussion
https://content.naic.org/consumer_glossary.htm#P