nonadmitted insurance—international
In most countries outisde the United States, nonadmitted insurance—international is insurance written by a company that is neither licensed nor registered to do business in the country where the property or risk is located.
nonadmitted insurance—international
In most countries outisde the United States, nonadmitted insurance—international is insurance written by a company that is neither licensed nor registered to do business in the country where the property or risk is located.
Additional Information
Some countries allow nonadmitted insurance; others do not. Since insurance is regulated by the states rather than by a United States federal regulator in the United States, nonadmitted insurance in this country is insurance written by an insurer that is not licensed by the state in question.
