UNDERWRITER  , one who insures See also:

• SHIPS

ships and their cargoes from loss and damage, so called from his See also:

• WRITING
• WRITING (the verbal noun of " to write," O. Eng. writan, to inscribe)

writing his name under the document or policy of See also:

• INSURANCE

insurance . A See also:

• REQUEST, LETTERS OF

request to an under-writer to insure is termed the offering of a " See also:

• RISK

risk," and the word risk in marine insurance is See also:

• EQUIVALENT

equivalent to the liability of an underwriter under a See also:

• CONTRACT
• CONTRACT (Lat. contract us, from contrahere, to draw together, to bind)

contract . When the risk is divided up among several underwriters, each signs his name individually, putting opposite thereto the amount for which he accepts liability . Each See also:

• SIGNATURE (through Fr. from Lat. signature, signare, to sign, signum, mark, token, sign)

signature has the effect of making a See also:

• SEPARATE

separate contract, in the terms of the policy, for the amount set opposite the name of the underwriter .