Meaning admitted insurance
What does admitted insurance mean? Here you find 3 meanings of the word admitted insurance. You can also add a definition of admitted insurance yourself
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admitted insuranceInsurance written by an insurer licensed to do business in the state or country in which the insured exposure is located.
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admitted insuranceInsurance which must be placed in a domestic (local) insurance market with an appropriately licensed insurance company made necessary by local country or state laws and regulations which mandate such coverage.
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admitted insuranceInsurance written by an insurer that is admitted (or licensed) to do business in the (US) state in which the policy was sold.
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