User:Oblivy/Nonadmitted insurance

From Wikipedia, the free encyclopedia

Nonadmitted insurance is the transaction of insurance business in, or the covering of risks located in, a market in which the insurer has not obtained the permission of local regulators for such transactions.[1] This term is common in U.S. markets; in other markets the term "unauthorised insurance" may be used.

Overview[edit]

Insurance is a highly regulated market

References[edit]

  1. ^ Rupp, Richard (1996). Rupp's insurance & risk management glossary 2nd Ed. p. 315. ISBN 0-89246-446-1.

External links[edit]