servicing carrier

A servicing carrier is an insurer that, for a fee, issues and services insurance policies on behalf of all the insurers that are participating in an insurance program or pool.

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For example, some of the various state Fair Access to Insurance Requirements (FAIR) plans use servicing carriers to issue and service their insurance policies. Servicing carriers may also be used by state workers compensation insurance assigned risks plans, joint underwriting associations, and reinsurance pools