Nonadmitted insurance definition

Nonadmitted insurance means any property and casualty

Nonadmitted insurance. ' means any property and casualty insurance permitted to be placed through a surplus lines broker with a nonadmitted insurer eligible to accept that insurance.

Nonadmitted insurance. ’ means any property and

Examples of Nonadmitted insurance in a sentence

• If pollution and/or Environmental Impairment and/or errors and omissions coverages are not available from an “Admitted” Insurer, the coverage may be written with the Authority’s permission, by a Non-admitted insurance company.

• Non-admitted insurance concerns do not solely exist in the PPP context.

• Non-admitted insurance is property and casualty insurance placed with insurers not licensed in this state, directly by an insured or through a surplus lines broker.

• Nonadmitted insurance is property or casualty insurance permitted to be placed from an insurer not licensed to engage in the business of insurance in a state but otherwise eligible to accept such insurance.

• Non-admitted insurance is not al- lowed in our region and therefore all insurance policies must be purchased from local insurance companies.

More Definitions of Nonadmitted insurance

Nonadmitted insurance means surplus lines insurance and independently procured insurance.

Nonadmitted insurance means any property and casualty insurance permitted to be placed directly or through a surplus lines producer with a nonadmitted insurer eligible to accept such insurance pursuant to section 26.1-44-03.

Nonadmitted insurance means any property and casualty insurance permitted to be

Nonadmitted insurance means any property and casualty insurance permitted to be placed directly or through a surplus lines broker with a nonadmitted insurer in this state only under sections 60A.195 to 60A.209.

Nonadmitted insurance or “surplus lines insurance” means any insurance coverage permitted by § 56-14-105 to be placed directly or through surplus lines agents with a nonadmitted insurer eligible pursuant to § 56-14-108;

Nonadmitted insurance means any Property and Casualty Insurance permitted in a State to be placed directly or through a Surplus Lines Licensee with a Nonadmitted Insurer eligible to accept such insurance. For purposes of this Agreement, Nonadmitted Insurance includes Independently Procured Insurance and Surplus Lines Insurance.

Nonadmitted insurance. : ‘‘Nonadmitted insurance’’ means any property and casualty insurance permitted to be placed directly or through a surplus lines broker with a nonadmitted insurer eligible to accept such insurance. 15 U.S.C. §8206(9).