MLchartDataset catalogue

Unauthorized insurer

Term · Insurance and risk management · MLC-T-INS-003398

An insurance company that is not licensed or admitted to transact insurance business in a particular state or jurisdiction. Such insurers are not subject to the regulatory oversight and consumer protection laws of that state. Policies from unauthorized insurers are typically purchased through the surplus lines market by brokers with special licenses.

Table 1. Record
IdentifierMLC-T-INS-003398
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-003398",
  "term": "Unauthorized insurer",
  "field": "Insurance and risk management",
  "definition": "An insurance company that is not licensed or admitted to transact insurance business in a particular state or jurisdiction. Such insurers are not subject to the regulatory oversight and consumer protection laws of that state. Policies from unauthorized insurers are typically purchased through the surplus lines market by brokers with special licenses.",
  "url": "https://mlchart.com/terminology/insurance/unauthorized-insurer/"
}

Record 3,493 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.