Lay Underwriter

(redirected from Lay Underwriters)

Lay Underwriter

An insurance underwriter who uses probability and statistics rather than personal interaction with a potential policyholder to determine whether or not to grant a policy. A lay underwriter works out of the company's home office.
References in periodicals archive ?
The quality of work done by lay underwriters and medical directors is the overarching benchmark for determining whether or not these professionals are having the desired impact on insurers' bottom lines.