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PLUS is recognized in the industry as the primary source of professional liability educational programs and seminars. The Society's comprehensive educational approach includes an annual International Conference, annual symposia, the RPLU designation program, and educational events organized by regional chapters of PLUS, all of which provide educational and networking opportunities.
UL headquarters in Northbrook, Illinois. Underwriters Laboratories Inc. was founded in 1894 by William Henry Merrill.After graduating from the Massachusetts Institute of Technology (MIT) with a degree in electrical engineering in 1889, Merrill went to work as an electrical inspector for the Boston Board of Fire Underwriters. [9]
In the US, the Registered Professional Liability Underwriter (RPLU) designation from the Professional Liability Underwriting Society (PLUS) is considered to be the only professional designation exclusively for people in the professional liability industry.
The term "underwriting" derives from the Lloyd's of London insurance market. Financial backers (or risk takers), who would accept some of the risk on a given venture (historically a sea voyage with associated risks of shipwreck) in exchange for a premium, would literally write their names under the risk information that was written on a Lloyd's slip created for this purpose.
Since multiple-line policies began to be written (insurance contracts covering several types of risks), the last two began to merge. When the NAIC approved multiple underwriting in 1946, casualty insurance was defined as a blanket term for the legal liability except for marine, disability and medical care, and some damage to physical property. [4]
Credit is what the underwriter uses to review how well a borrower manages his or her current and prior debts. Usually documented by a credit report from each of the three credit bureaus, Equifax, Transunion and Experian, the credit report provides information such as credit scores, the borrower's current and past information about credit cards, loans, collections, repossession and foreclosures ...
There are no statistics regarding quantity of future losses and probability. This means an underwriter rates each exposure individually. The second rate making method is class rating, or manual rating. This rating means that exposures with similar characteristics are placed in the same underwriting class, and each is charged the same rate. The ...
Four years, renewable once (Seventy-third Amendment to the Arkansas Constitution of 1874) Constituting instrument: Arkansas Constitution of 1836: Precursor: Secretary of Arkansas Territory: Formation: September 16, 1836 (188 years ago) () First holder: Robert A. Watkins: Salary: $54,305 [1] Website: sos.arkansas.gov