Question

What is an unauthorized insurer New York?

My question comes from ascot insurance subject

The question was posed to me in a mock interview.

Other related questions to my question are:

What is an unauthorized insurer?

Which is used by unauthorized insurance entities to give the appearance of legitimacy?

Which of the following is another term for an authorized insurer?

What is the definition of an overseas insurer?

Answer 1

The correct answer by me is: An “unauthorized insurer” is an insurer that does not meet the above definition. Although the laws of other states often speak in terms of “admitted” or “unadmitted” or “non-admitted” carriers, there is no definition of these terms in the New York Insurance Law.

The title of my answer is RE: Office in New York for Unauthorized Insurer

My answer's reference is Department