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What is a non-admitted insurance company?

April 26, 2017COMPANY Finance financial Insurance Investment investments Jargon Markets non-admitted

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What is a non-admitted insurance company?

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A non-admitted insurance company is one that is not subject to insurance guidelines in a particular state, and is not part of the statewide guaranty pool that covers policies if the company files for bankruptcy. Non-admitted carriers sometimes offer specialized and hard-to-find insurance products not available from admitted companies like earthquake insurance.References:Hoffman Brown Company: Admitted Vs. Non-Admitted Insurance CarriersCastle Rock Agency: Admitted Vs.