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FORM NL-22 GEOGRAPHICAL DISTRIBUTION OF BUSINESS UNITED INDIA INSURANCE CO LTD. GROSS DIRECT PREMIUM UNDERWRITTEN FOR FOURTH QUARTER 2013-14 (Rs Lakhs) Fire State Andhra Pradesh Arunachal Pradesh
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How to fill out gross direct premium underwritten

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Answer 1:

To fill out the gross direct premium underwritten, follow these steps:

01
Begin by gathering all the necessary information and documents required for the underwriting process.
02
Review the insurance application and ensure that all the necessary fields are completed accurately.
03
Calculate the gross direct premium by summing up the premiums received from all policyholders before any deductions or adjustments.
04
Determine the underwriting risk by assessing the applicant's risk profile, considering factors such as age, health, occupation, and any additional coverage requested.
05
Examine the application for any inconsistencies or red flags that may require further investigation.
06
Evaluate the applicant's insurability by analyzing their financial stability and potential claims history.
07
Determine the final premium amount based on the underwriting risk assessment and any applicable discounts or surcharges.
08
Document and record all the information obtained during the underwriting process for future reference or auditing purposes.

Answer 2:

Gross direct premium underwritten is required by insurance companies, underwriters, and insurance agents.
01
Insurance companies need gross direct premium underwritten to assess the risk associated with insuring individuals or businesses and to determine the appropriate premium amount.
02
Underwriters rely on gross direct premium underwritten to evaluate the profitability and risk exposure of insurance policies.
03
Insurance agents use gross direct premium underwritten to provide accurate quotes to potential policyholders and to understand the underwriting process better.
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Gross direct premium underwritten is the total amount of premiums charged by an insurance company for policies underwritten during a specific period.
Insurance companies are required to file gross direct premium underwritten with the relevant regulatory authorities.
Gross direct premium underwritten is usually filled out in a report or form provided by the regulatory authorities, detailing the premiums charged for policies underwritten.
The purpose of gross direct premium underwritten is to provide transparency and accountability in the insurance industry, ensuring compliance with regulations and accurate reporting of premiums.
Information such as the total amount of premiums charged, types of policies underwritten, and any applicable fees or charges must be reported on gross direct premium underwritten.
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