What is the definition of Admitted Company?

An Admitted Company is an insurance company that holds a license to conduct business in a specific state. The license and authority gives the admitted company the right to sell insurance and other related products in the state that issued the license. It also includes other activities of the company in that state - such as advertising and recruiting of agents.

The license is under the state insurance commission and the company is expected to comply with the insurance code in that state.  The state insurance commission reserves the right to cancel the license if the company fails to comply with state insurance laws.

An admitted company is sometimes also called an admitted insurer or an admitted market.

• Competitive State Fund
• Excess and Surplus Lines
• Commission
• Businessowners Policy / BOP
• Employer’s Liability