What is the Definition of Admitted Company?

What is the Definition of Admitted Company?

An insurance company licensed and authorized to do business in a particular state.

Source: Insurance Handbook A guide to insurance: what it does and how it works | https://www.iii.org/

Label: Insurance
Theme: Dictionary of Insurance Terms

Other Questions: What is the definition of Insurance?

What is the Definition of Admitted Company?

What is the Definition of Admitted Company?

Check out other definition of insurance terms below:


What is the Meaning of PREMIUMS IN FORCE In Insurance Terms?

The sum of the face amounts, plus dividend additions, of life insurance policies outstanding at a given time.


What is the Meaning of PREMIUMS WRITTEN In Insurance Terms?

The total premiums on all policies written by an insurer during a specified period of time, regardless ofWhat portions have been earned. Net premiums written are premiums written after reinsurance transactions.


What is the Meaning of PRIMARY BENEFICIARY In Insurance Terms?

The party designated to receive the proceeds of a life insurance policy following the death of the insured. Also known as first beneficiary. (See Contingent beneficiary)


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