Non admitted insurance company

Definition
A non-admitted insurance company is an insurance company that is not licensed to do business in a particular province or country.

Why would you use such an insurer?
This insurer may sell some excess and surplus insurance in that province or country if admitted insurers lack the expertise or capacity. Be sure that the broker you are dealing with does have a wide range of markets and expertise. Perhaps the limitation they have experienced is not industry-wide.

The insurance answer
A non-admitted insurance company may has issues with certain licensing requirements that this insurer may not meet. If a non-admitted insurer is your only option for gaining the insurance you need then discuss the implications of using such an insurer with your agent or broker.

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