Nonstandard insurer

{
  "id": "MLC-T-INS-003699",
  "term": "Nonstandard insurer",
  "field": "Insurance and risk management",
  "definition": "An insurance company that specializes in providing coverage to individuals or businesses that do not meet the underwriting criteria of standard insurers. These companies cater to higher-risk policyholders, such as those with poor driving records, unusual property characteristics, or specialized business operations. Premiums charged by nonstandard insurers are generally higher to reflect the increased risk exposure.",
  "url": "https://mlchart.com/terminology/insurance/nonstandard-insurer/"
}