Regulatory
Admitted Carrier
An insurance company that is licensed by the state insurance department to write business in that state. Admitted carriers must file their rates and policy forms with the state regulator and participate in the state guaranty fund, which provides a financial safety net for policyholders if the carrier becomes insolvent.
Related terms
Surplus LinesInsurance coverage provided by carriers that are not licensed (admitted) in the state where the poli...UnderwritingThe process by which an insurance carrier evaluates the risk presented by a prospective insured and ...Certificate of InsuranceA document issued by an insurance carrier or broker that provides evidence of coverage, including th...