APA Underwriting Committee

The APA Underwriting Committee shall:

  • Contribute to the development of policy wordings, ensuring that the scope of coverage extends to the types of risks encountered by the average advisor
  • Act as a professional resource, as needed
  • Monitor trends and changes in the advisor's business environment that should be reflected in changes to the policy wording
  • Analyze and make recommendations, as required, on the risk profiles of classes of risks in general, and of individual risks in particular, that should either be included or excluded from acceptance to the plan
  • Act as an advocate for an applicant and/or a certificate holder when required
  • To carry out it's mandate in the interests of the Board of Directors;
  • To provide expertise and attention to detail on behalf of the Board of Directors in relation to all matters related to the underwriting process
  • To attend all Committee meetings as called. Meetings can either be in person or via teleconference
  • To review, annually, the Terms of Reference and forward recommendations, as required, to the Board of Directors
  • The Committee will be composed of a minimum of three certificate holders in good standing, the majority of whom shall be Advocis members.
  • Staff Liaison shall be the COO or his/her representative.
  • Appointment shall be by the Board.
  • Chair to be a member of the Board of Directors and will be appointed by the Board.
  • One year term
  • Absence of three (3) meetings, member's commitment is to be reviewed.
  • Majority – Fifty (50) per cent plus one of the total Underwriting Committee members, present in person or by phone
  • By consensus where possible;
  • Any question shall be referred to Robert's Rules of Order;
  • Chair to receive information, agenda and minutes first for approval;
  • Agenda and meeting material to be distributed at least 3 working days in advance.
  • Chair shall NOT have a vote.
  • Any tie will give the Chair a casting vote.
  • Where necessary in the opinion of the Underwriting Committee;
  • Technical advisors may sit through one or more meetings
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