Exportability of premium/risk

{
  "id": "MLC-T-INS-001417",
  "term": "Exportability of premium/risk",
  "field": "Insurance and risk management",
  "definition": "The ability to place insurance coverage for a domestic risk with an insurer not licensed in the state where the risk is located, or to transfer a risk to an international insurance market. This practice is common for unique, large, or highly specialized risks that standard admitted carriers are unwilling or unable to underwrite. Such placements are typically handled by surplus lines brokers, adhering to specific state regulations for non-admitted insurance.",
  "url": "https://mlchart.com/terminology/insurance/exportability-of-premium-risk/"
}