Underwriting terms are prohibited because GRA’s insurance-readiness work is not underwriting.
Participants must not discuss specific coverage terms, exclusions, limits, deductibles, premiums, risk appetite, underwriting acceptance, capacity, reinsurance structures, claims positions, insurer appetite, binding conditions, policy wording, renewal strategy, or account-specific underwriting views in ordinary GRA meetings.
Insurance Nexus and Insurance-Readiness Rooms may examine protection gaps, exposure information needs, risk engineering, resilience measures, evidence requirements, catastrophe risk, cyber-physical risk, public-private risk-sharing, and insurance-related diligence gaps. But they do not quote, price, bind, place, negotiate, or approve insurance.
An insurer’s participation does not mean coverage is available. A reinsurer’s participation does not mean capacity exists. A broker’s participation does not mean placement is underway. A risk engineer’s participation does not mean insurance approval.
If underwriting is needed, it must occur outside GRA through authorized insurers, reinsurers, brokers, and insureds under their own lawful processes.
GRA discusses insurance-readiness. It does not conduct underwriting.
