Underwriting Factors

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Creditors must consider eight underwriting factors when verifying a consumer's ability to repay, including the consumer's current or reasonably expected income or assets, employment status, credit history and other obligations such as loans secured by the same property; costs related to the property (such as taxes and insurance); and other debts such as alimony and child-support obligations.
Mills says if the courts allow the use of the disparate impact standard, "insurers may well be forced to re-evaluate valuable underwriting factors used to offer or price insurance despite their predictive accuracy.
Under the proposal, creditors can meet the general ability-to-repay standard by considering and verifying specified underwriting factors, such as the consumer's income or assets.
Simplify processes: When billing and claims information is added to the underwriting desktop, additional underwriting factors are introduced.
The group warned some sites made assumptions about underwriting factors to obtain quotes from insurers and intermediaries, such as the number of days a property was empty, which could leave people uninsured if they did not check quotes carefully.
The group also warned that some sites made assumptions about underwriting factors in order toobtain quotes from insurers and intermediaries, such as the number of days a property was empty for, which could leave people uninsured if they did not check their quotes carefully.
There are underwriting factors that lead to increased costs as well, such as adverse selection that occurs when healthier employees choose to self-insure leaving only less healthy workers in the company insurance plan.
Insurers cannot deny, cancel or not renew an insurance policy based solely on credit without consideration of other underwriting factors.
These underwriting factors are static measures of risk in that they are fixed and apply across all interest-rate environments.
These general concerns typically include exposures faced by the professional, underwriting factors, loss control techniques, and coordination with general liability insurance.
This formula is based on four underwriting factors (i.