To provide the insurance cover.

The acceptance indicated by an underwriter on the broker’s slip. When the item is closed this is replaced by the signed line.
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The amount of a risk that an underwriter is willing to accept on behalf of the members of the syndicate or company for which he underwrites. This is commonly expressed as a percentage of the sum insured which is written on the broker’s placing slip. If, on completion of the broking exercise, the written lines exceed 100% then, absent some contrary instruction, they will be signed down by the broker, which is to say they will be reduced proportionately so that they total 100%.
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UK: the maximum amount of insurance that an insurer has agreed to accept when initialling a slip; it may be more than the amount actually insured by an individual insurer if the broker obtains more than 100% cover for the risk, in which case each insurer’s liability will be reduced proportionately (written down) to a closed line or signed line.

UK: Premium income in respect of business written during the financial year regardless of the portions earned.
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US: This is the premium registered on the books of an insurer or a reinsurer at the time a policy is issued and paid for.
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This is the premium registered on the books of an insurer or a reinsurer at the time a policy is issued and paid for.
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The entire amount of premium on Policy contracts written by an Insurer. (2) Total amount of premium charged for the policies an Insurer “”writes”” (by selling new policies or renewing expiring ones, during a specified period, such as one month or one year. Because some policies are for terms longer than the period for which the written premiums are calculated, the premiums an Insurer writes during a particular period will not equal the premium it earns during that period. See Also: “”Premium, earned.””

Rule of construction. Where there are both written and printed words in a policy, the policy is to be construed as a whole, but the written words are more specific than the printed word and will therefore prevail in the event of inconsistency. The written or typewritten words are specially inserted to show the intention of the parties.

The dismissal of an employee when the employer is in breach of contract. The employee can found a common law action on the breach. An employee, summarily dismissed in breach of his notice and other contractual entitlement, will have a claim for damages unless the dismissal was justified under the employment contract. The risk is insurable by the employer under employment practices liability insurance and legal expenses insurances. Compare with unfair dismissal.

A director who trades on knowing that there is no reasonable prospect that the company will avoid going into liquidation, paying its debts and the winding up expenses is guilty of wrongful trading. The Insolvency Act 1986, s.214, provides that a civil remedy may lie against the director who may then become personally liable to contribute to the assets of the company for the benefit of creditors. See DIRECTORS’ AND OFFICERS’ LIABILITY INSURANCE.

Special policy insuring yachts, cabin cruisers, inboard motorboats and sailing ships. They are vessels used for pleasure not commercial purposes. The policy covers accidental loss or damage to the vessel, salvage charges, sue and labour charges and liability to third parties including passengers.
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Insurance providing Hull coverage and Protection and Indemnity Liability coverage on pleasure boats. It is usually written on an all-risk basis for Hull coverage, although named-perils forms are sometimes used. 
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Insurance that covers pleasure boats against collision, hull damage, and liability indemnity.

1.The year to which a risk is allocated and to which all premiums and claims in respect of that risk are attributed. The year of account of a risk is determined by the calendar year in which it is first signed. A year of account is normally closed by reinsurance to close at the end of 36 months. The system will come to an end when GAAP accounting takes over. 2. In reinsurance it is a method of accounting to a proportional treaty whereby all premiums and losses accounted during the year in question are accounted to that year regardless of the year of origin of the cession or of the date of loss. Contracts accounted on this basis are usually closed at the end of each year by a port folio transfer into the following year.
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The year in which an insurance or reinsurance contract that is underwritten by a syndicate is allocated for accounting purposes and into which all premiums and claims arising in respect of that contract are payable. Insurance or reinsurance contracts are generally allocated to years of account according to the calendar year of their inception date so that a contract that commences in 2005 will normally be allocated to the 2005 year of account. Historically syndicates have operated a three year accounting system which means that each calendar is normally left open for two further years before a profit or loss is determined. A year of account is normally closed by reinsurance to close at the end of 36 months. Compare open year of account and run-off account.
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The calendar year in which the original risk attaches.