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Updated: June 11, 2025
"Such people get little out of life," the underwriter went on, "probably first because they are constantly uneasy in the knowledge that they are charlatans, and second because they do not have anything real, anything alive, to face. They deal in half-tones, in nuances " Nuances! Was the man clairvoyant? He had suggested that an underwriter ought to be.
"I am a general underwriter," returned the opinionated pilot; "my wife shall mend every hole I make in your sails, with a needle no bigger than a hair, and with such a palm as a fairy's thimble!" "This is fine talking, sir, but you are already losing the ship's way; and, before you have ended your boasts, she will be as fast in irons as a condemned thief.
But in less than a week from the time of this conversation Mr. Cuyler again sought the President, and the expression of his face could not have been misinterpreted. "Well, what's the matter now?" Mr. Wintermuth inquired, as the local underwriter seated himself. "Who do you think is gone now?" said Cuyler, abruptly. "Who?" demanded his superior officer. "Jenkinson and Hammond, Dow, and Company."
And what was he now? an underwriter at Lloyd's; they said he even painted pictures pictures! Damme! he might have ended as Sir Jolyon Forsyte, Bart., with a seat in Parliament, and a place in the country!
An insurance upon life is defined as "a contract by which the underwriter, for a certain sum proportioned to the age, health, profession, and other circumstances of the person whose life is the object of insurance, engages that that person shall not die within the time limited in the policy; or if he do, that he will pay a sum of money to him in whose favor the policy was granted."
But I'm afraid he's a better promoter than an underwriter; the Liberty has been losing money at an astonishing rate ever since it actually commenced to write business. If he succeeds in cutting the fire waste of the country in two, his own company may survive and may even share in the benefits, although probably not to a disproportionate extent.
"Well, then, what the underwriter is supposed to do is to decide, from the kind of risk he is asked to insure, how much the Company can write, and still not be liable for a greater loss than five thousand dollars in any ordinary fire." "How can he do it?" "By knowing his business.
"And don't you think I would be likely to yell?" "Well, hardly, at first," the underwriter answered. "After a while, probably. If you'd like to go and see, though, whether you'd yell or not, I should like awfully to take you." Thinking the matter over afterward, Helen was at a loss to discover why she had so readily accepted this somewhat unusual invitation.
I thought big loans and stock issues and things of that sort were underwritten. Is this the same?" "So they are, but this is another matter. Fire underwriting is a thing all to itself sui generis. Similarly, a fire underwriter is a person like no other at all events he likes to persuade himself that he is. And frequently he succeeds." Smith smiled at his own reflection.
Are you going to aid and abet him in his efforts?" "Yes, I am!" answered Margot bravely. "He has his life to live, and I want him to spend it in his own way. If he becomes a great writer, I'll be prouder of him than if he were the greatest millionaire on earth. I'll move heaven and earth to help him, and if he fails I'll move them again to make him a good underwriter! So now you know!"
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