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What is a standard market in insurance?

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What is a standard market in insurance?

The above asked question is from ascot insurance topic

This question was addressed to me in class test.

Other related questions to my question are:

What does Standard mean in insurance?

What is the difference between a standard and non standard insurance company?

What is a standard carrier in insurance?

What are insurance markets?

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Correct answer is: The standard marketplace is one where a carrier is “admitted” to offer a certain product under specified conditions. These carriers are subject to strict guidelines regarding the type of risks they can write, policy language they can use, and rates they can charge.Jun 9, 2015

The title of my answer is Standard Carriers vs. Excess Surplus Carriers

 You can read more about by answer on Assurance

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