Skip to Content


To accept is to agree to insure.

On This Page

Additional Information

An insurer accepts a risk when an underwriter or agent agrees to insure it, and the essential elements of the insurance contract are known and agreed to by the parties to it. Even though a policy has not been issued, once the risk is "accepted," the insurer is obligated to pay a loss that occurs subject to the terms and conditions of the coverage agreed upon.

Related Terms

Offer refers to the terms of an insurance contract as proposed by one party (the potential insurer)...