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uberrimae fidae
ultimate loss
ultimate net loss
umbrella liability policy
unaffiliated business
unallocated benefit
unallocated loss adjustment expenses (ULAE)
unauthorized insurer
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unconditional settlement clause
underground property damage
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Unified Carrier Registration Agreement (UCRA)
Uniformed Services Employment and Reemployment Rights Act (USERRA) of 1994
uniform resource locator (URL)
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unilateral contract
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unit statistical card
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underwriting

The process of determining whether to accept a risk and, if so, what amount of insurance the company will write on the acceptable risk, and at what rate. Underwriters are companies, individuals, or insurance companies who carry on this critical activity for their own account or for that of others.
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