Prohibited underwriting activity includes any discussion, action, or claim that makes GRA appear to evaluate, accept, price, bind, place, negotiate, approve, or recommend insurance for a specific risk.
This includes discussing or requesting quotes, premiums, policy terms, limits, deductibles, exclusions, insurer appetite, reinsurer capacity, risk acceptance, renewal terms, claims positions, underwriting files, loss runs, broker submissions, reinsurance structures, capacity indications, or coverage approval.
It also includes using GRA rooms to solicit insurance, place coverage, approach insurers, coordinate reinsurance, discuss broker commissions, compare insurer terms, or pressure insurers to review a risk.
Participants must not say that an insurer’s presence means underwriting interest. They must not say that a project is insurable because it was discussed in GRA. They must not treat Insurance-Readiness Rooms as market placement channels.
If underwriting activity begins, a stop-line intervention should be used immediately and the matter should be moved outside GRA.
GRA is not an underwriting environment.
