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Agreement among underwriters. A contract among participating members of a syndicate that defines the members' proportionate liability, which is usually limited to and based on the participants' level of involvement. The contract outlines the payment schedule on the settlement date. Compare: Underwriting agreement.
This refers to the amount of a given risk that an underwriter has agreed to accept. It may be the same as the underwriterâs written line or, if there is signing down, a lower amount. The amount of a syndicateâs signed line should be shown in a table in the policy, where one is issued.