Ask a Question

What does it mean when an insurance carrier is non-admitted?

← Prev Question Next Question →
+1 vote
80 views
in Insurance by (82.5k points)
What does it mean when an insurance carrier is non-admitted?

My doubt is from ascot insurance topic

I got this question during an online interview.

Other related questions to my question are:

What does non-admitted carrier mean?

What does non-admitted basis mean?

What does non-admitted mean?

What does admitted and non-admitted mean in insurance?

1 Answer

+1 vote
by (393k points)
selected by
 
Best answer
The correct answer by me is: Non-admitted insurance refers to an insurer that is not licensed with the state to offer a type or amount of coverage. But, that does not mean that the insurer is not allowed to work in the state. A non-admitted insurer may sell coverage through a state-licensed broker.Jul 21, 2021

The title of my answer is What Is Non-Admitted Insurance?

 You can read more about by answer on The Balance

Related questions

+1 vote
1 answer
What does non-admitted mean?
asked Feb 26, 2022 in Insurance by Jefem (82.5k points)
+1 vote
1 answer
Is Ascot an admitted carrier?
asked Feb 26, 2022 in Insurance by Jefem (82.5k points)
+1 vote
1 answer
What does HSB mean in insurance?
asked Feb 26, 2022 in Insurance by Jefem (82.5k points)
+1 vote
1 answer
Where is Arch Insurance based?
asked Feb 26, 2022 in Insurance by Jefem (82.5k points)
+1 vote
1 answer
What is a standard market in insurance?
asked Feb 26, 2022 in Insurance by Jefem (82.5k points)
+1 vote
1 answer
What does Ascot Group do?
asked Feb 26, 2022 in Insurance by Jefem (82.5k points)
+1 vote
1 answer
What does the Ascot group do?
asked Feb 26, 2022 in Insurance by Jefem (82.5k points)
Welcome to TalkJarvis QnA, a question-answer community website for the people by the people. On TalkJarvis QnA you can ask your doubts, curiosity, questions and whatever going in your mind either related to studies or others. Experts and people from different fields will answer.

Most popular tags

biology – class 12 biology – class 11 construction & building materials chemistry – class 12 electronic devices & circuits network theory data structures & algorithms ii cell biology ic engine insurance finance money computational fluid dynamics engineering physics i discrete mathematics chemistry – class 11 aerodynamics casting-forming-welding i engineering mathematics operating system casting-forming-welding ii engineering drawing mysql engineering geology digital circuits wireless mobile energy management electrical measurements digital communications cyber security analytical instrumentation embedded systems electric drives cytogenetics advanced machining computer fundamentals life sciences basic civil engineering iot design of electrical machines physics – class 12 applied chemistry dairy engineering basic chemical engineering cloud computing microprocessor bioinformatics aircraft design aircraft maintenance software engineering drug biotechnology digital signal processing biochemistry data structures & algorithms i automotive engine design avionics engineering material & metallurgy energy engineering cognitive radio unix electrical machines biomedical instrumentation object oriented programming electromagnetic theory power electronics analog communications bioprocess engineering civil engineering drawing engineering metrology physics – class 11 mathematics – class 12 engineering chemistry i basic electrical engineering unit processes mongodb signals and systems cryptograph & network security hadoop mathematics – class 11 engineering physics ii html control systems engineering mechanics antennas analog circuits computer network java sql server javascript concrete technology chemical process calculation artificial intelligence design of steel structures c++ database management computer architecture engineering chemistry ii corrosion engineering chemical technology dc machines
Powered by TalkJarvis
...