How does the insurance application process proceed, and who is responsible for making underwriting and policy pricing decisions for FAIRWAY?
A. Eligible physicians may apply to become insureds. The application will be reviewed to determine compliance with the underwriting guidelines established by FAIRWAY’s Underwriting Committee. If appropriate, a quotation as to the amount of the annual premium and required capital contribution is presented. An individual becomes an insured of FAIRWAY upon payment of the required annual premium (or installment) and the required contribution to surplus and finally upon the issuance of a policy of insurance.
