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Underwriting is intended to give the student a comprehensive overview of the basic ideas behind the system of risk selection to obtain a group in which loss results will be reasonably predictable by the law of large numbers. The course examines how an underwriter functions. The course participant will be familiar with the types of underwriters, the skills required, and the criteria used in risk assessment. Pricing risk on the part of underwriters is an important part of the process. The student will be familiar with the adequacy of rates, the terms and process of ratemaking. The text examines the relationship between underwriting and reserves. The enrollee will learn about taxation of insurers and how it is affected by reserves. This includes accounting for reserves, the IRS definition of ‘reserves,’ reserve calculation and reserve valuation methods. Actuarial reserves and Statutory Accounting rules are reviewed. The learner reviews legal issues affecting underwriting. The effects of Americans with Disability Act are reviewed, as are legal terms and conditions that impact the underwriting process. The insurance professional will be familiar with the economics of underwriting. This includes the concept of asymmetric information and how it relates to insurance. Privacy and privacy protection are reviewed. Privacy includes a discussion on the impact genetics has on underwriting.