MLchartDataset catalogue

Admitted company

Term · Insurance and risk management · MLC-T-INS-000339

An insurance company that has been licensed by a state's insurance department to conduct business within that state. An admitted insurer is subject to the state's regulations, including rate and form filings, and participates in the state's guaranty fund, which protects policyholders in case of insurer insolvency. This status provides a higher level of consumer protection.

Table 1. Record
IdentifierMLC-T-INS-000339
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-000339",
  "term": "Admitted company",
  "field": "Insurance and risk management",
  "definition": "An insurance company that has been licensed by a state's insurance department to conduct business within that state. An admitted insurer is subject to the state's regulations, including rate and form filings, and participates in the state's guaranty fund, which protects policyholders in case of insurer insolvency. This status provides a higher level of consumer protection.",
  "url": "https://mlchart.com/terminology/insurance/admitted-company/"
}

Record 70 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.