Tag: Non-admitted paper
“Admitted” vs. “Non-Admitted” paper
When seeking insurance coverage, the consumer may be offered a policy from a “non-admitted” carrier, or a policy designated as “surplus lines”. The agent must disclose this as it is most certainly different from an “admitted carrier” or “standard paper”. So, what is the difference between the two? What does each mean for my policy? How am I going to be affected?