What Does Underwriting Guide Mean?
An underwriting guide is a manual that details the policies, regulations, and procedures that an underwriter is supposed to follow in doing their job. It covers a wide range of topics and issues that an underwriter may encounter during the underwriting process.
Insuranceopedia Explains Underwriting Guide
Examples of subjects an underwriting guide may cover include identity theft procedures, denied applications, incomplete applications, the Equal Credit Opportunity Act, 36-month coverage, borrower claim history, borrower exposure, and so on. The goal is to make sure that the underwriter knows how to handle any situation that they may face in the underwriting business. These guides are very similar to ones for other professions that explain rules, best practices, and how to proceed in various circumstances.