What does Nonadmitted Insurer mean? Read on to discover the definition & meaning of the term Nonadmitted Insurer - to help you better understand the language used in insurance policies.
An insurance company not licensed to do business in a certain state or country. In U.S. jurisdictions, such insurers can nevertheless write coverage through an excess and surplus lines broker licensed in that jurisdiction.
We hope the you have a better understanding of the meaning of Nonadmitted Insurer.