Authorized nonadmitted reinsurer

{
  "id": "MLC-T-INS-000492",
  "term": "Authorized nonadmitted reinsurer",
  "field": "Insurance and risk management",
  "definition": "A reinsurance company that is not licensed in the ceding insurer's state but is permitted to accept reinsurance business from insurers in that state. This authorization is granted because the reinsurer meets specific financial and regulatory requirements, providing a level of security similar to a licensed reinsurer. Such reinsurers are often listed on approved or accredited lists maintained by state insurance departments.",
  "url": "https://mlchart.com/terminology/insurance/authorized-nonadmitted-reinsurer/"
}