Refers to the current state of an account. For example, an account might be open, foreclosed, paid, or settled. Other possible options include: paid, charge off, repossession, et al. No payment history is indicated solely by the Account Condition status. Includes insurance against loss from damage done, directly or indirectly by lightning, windstorm, tornado, earthquake or insurance under an open policy indemnifying the producer of any motion picture, television, theatrical, sport, or similar production, event, or exhibition against loss by reason of the interruption, postponement, or cancellation of such production, event, or exhibition due to death, accidental injury, or sickness preventing performers, directors, or other principals from commencing or continuing their respective performance or duties; and any insurance not included in any other classes and which is a proper subject of insurance (California Insurance Code §120). Underwriter - The individual trained in evaluating risks and determining rates and coverages for them. Also, an insurer.
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