MLchartDataset catalogue

Nonadmitted insurer

Term · Insurance and risk management · MLC-T-INS-002316

An insurance company that is not licensed or authorized to transact insurance business in a particular state or jurisdiction. These insurers operate in the surplus lines market, providing coverage for unique or high-risk exposures that admitted carriers decline. Policyholders typically do not have access to state guaranty funds if a nonadmitted insurer becomes insolvent.

Table 1. Record
IdentifierMLC-T-INS-002316
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-002316",
  "term": "Nonadmitted insurer",
  "field": "Insurance and risk management",
  "definition": "An insurance company that is not licensed or authorized to transact insurance business in a particular state or jurisdiction. These insurers operate in the surplus lines market, providing coverage for unique or high-risk exposures that admitted carriers decline. Policyholders typically do not have access to state guaranty funds if a nonadmitted insurer becomes insolvent.",
  "url": "https://mlchart.com/terminology/insurance/nonadmitted-insurer/"
}

Record 2,274 of 3,682 in Insurance and risk management terminology (MLC-0106). Request the full dataset.