The 'Lectric Law Library's Lexicon On
* Underwriter *

UNDERWRITER - One who signs a policy of insurance, by which he becomes an insurer.

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.
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