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underwritten

English translation: guaranteed

19:55 Mar 1, 2020
English language (monolingual) [Non-PRO]
Insurance
English term or phrase: underwritten
This plan of benefits is underwritten by Aetna Life Insurance Company (Delaware).
Masoud Kakouli Varnousfaderani
Türkiye
Local time: 03:31
Selected answer:guaranteed
Explanation:
to underwrite: to sign and accept liability under an insurance policy, thus guaranteeing payment in case loss or damage occurs.


E.g. "the policy, underwritten at Lloyd's, indemnifies trustees against loss arising from wrongful acts"
Selected response from:

Mark Robertson
Local time: 01:31
Grading comment
4 KudoZ points were awarded for this answer



SUMMARY OF ALL EXPLANATIONS PROVIDED
5 +5guaranteed
Mark Robertson
5 -2is contracted
esmaeel balaghi
5 -2insured
Kiet Bach
5 -3financed/supported
Ali Sharifi


Discussion entries: 1





  

Answers


3 mins   confidence: Answerer confidence 5/5 peer agreement (net): -3
financed/supported


Explanation:
financed/supported

Ali Sharifi
United States
Local time: 20:31
Works in field
Native speaker of: Native in Persian (Farsi)Persian (Farsi)

Peer comments on this answer (and responses from the answerer)
disagree  Yvonne Gallagher: wrong
3 hrs
  -> Is that the only word you know? Why don't you say why?
disagree  Daryo: the plan is "financed" by the contributions /premiums you pay - medical insurance companies are not in the habit of giving money away.
5 hrs
disagree  AllegroTrans: totally wrong - this is about insurance
15 hrs
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51 mins   confidence: Answerer confidence 5/5 peer agreement (net): -2
is contracted


Explanation:
https://www.merriam-webster.com/dictionary/contract

esmaeel balaghi
Iran
Local time: 04:01
Native speaker of: Native in Persian (Farsi)Persian (Farsi)

Peer comments on this answer (and responses from the answerer)
disagree  Yvonne Gallagher: wrong
3 hrs
agree  philgoddard
3 hrs
disagree  Daryo: there definitely IS a "contract" in this story, but "contracted" is ways too vague.
4 hrs
disagree  AllegroTrans: This is not a good synonym to explain the term and your reference is to the term "contract" in general - asker's text is specifically about insurance
14 hrs
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2 hrs   confidence: Answerer confidence 5/5 peer agreement (net): -2
insured


Explanation:
This plan of benefits is insured by Aetna Life Insurance Company (Delaware).

to underwrite: to insure.

https://www.thefreedictionary.com/Underwrite


Kiet Bach
United States
Local time: 17:31
Specializes in field
Native speaker of: Native in ChineseChinese
PRO pts in category: 8

Peer comments on this answer (and responses from the answerer)
disagree  Yvonne Gallagher: wrong. It's meaning 2a in your ref in THIS context (in case you're interested). You can't just take the first word and assume it's right (even if someone agrees with you it's still wrong here).
1 hr
agree  philgoddard
2 hrs
disagree  Daryo: how do you "insure" a plan of benefits??? Against which risks? And who would be the beneficiary? .... You need more than just a glossary to untwist this, I'm afraid ...
2 hrs
disagree  AllegroTrans: In one sense yes, but this does not explain the term although your reference does
13 hrs
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2 hrs   confidence: Answerer confidence 5/5 peer agreement (net): +5
guaranteed


Explanation:
to underwrite: to sign and accept liability under an insurance policy, thus guaranteeing payment in case loss or damage occurs.


E.g. "the policy, underwritten at Lloyd's, indemnifies trustees against loss arising from wrongful acts"

Mark Robertson
Local time: 01:31
Native speaker of: Native in EnglishEnglish

Peer comments on this answer (and responses from the answerer)
agree  Yvonne Gallagher: the only valid CL5 here //confidence level 5=100% sure, that is rather brazenly being claimed by so many on Kudoz these days. A new trend it seems
1 hr
  -> Thank you. What is CL5?
agree  writeaway: insurance 101
2 hrs
  -> Thank you
agree  Daryo
3 hrs
  -> Thank you
agree  AllegroTrans: valid answer and correct explanation
13 hrs
  -> Thank you
agree  Tina Vonhof (X)
17 hrs
  -> Thank you
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