Lay Underwriters financial definition of Lay Underwriters
Lay Underwriter (redirected from Lay Underwriters)
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.