Learn terminology associated with personal and commercial marine insurance and discuss the basic underwritingThe process of selecting a risk and assigning a proper rating classification (to calculate the correct premium) in a manner that the insured obtains coverage and the insurance company obtains a profit. More criteria and market structure. Identify the liabilityLegal responsibility or fault. More and property exposures, including an explanation of the policies available to handle these exposures. You will also examine the differences between personal and commercial marine insurance and the major underwritingThe process of selecting a risk and assigning a proper rating classification (to calculate the correct premium) in a manner that the insured obtains coverage and the insurance company obtains a profit. More issues.