1 One-time AD: requires a one-time modification. 2  Recurring AD: requires a check or service to be performed on an ongoing basis at specific intervals.  N/A AD: a not applicable AD, but is still noted to sohw awareness of its existence.
Not all life insurance policies are underwritten, but because some are it is important to understand what it means. Underwriting is a term used by life insurers to describe the process of assessing risk, ensuring that the cost of the cover is proportionate to the risks faced by the individual concerned. People with the same or similar risk pay the same or similar premium rates.
DEFINITION of 'Underwriter Syndicate'. A temporary group of investment banks and broker-dealers who come together to sell new offerings of equity or debt securities to investors. The underwriter syndicate is formed and led by the lead underwriter for a security issue. An underwriter syndicate is usually formed when an issue is too large for a single firm to handle. The syndicate is compensated by the underwriting spread, which is the difference between the price paid to the issuer and the price received from investors and other broker-dealers. Also referred to as an underwriting group, banking syndicate and investment banking syndicate.