Admitted Company
Definition of 'Admitted Company'An insurance company that is domiciled in one state but is admitted by another state to transact insurance business. Because insurance licenses are governed by the states, an insurance company must be licensed by each state where it intends to conduct business, and must comply with each state's insurance codes, including financial requirements. |
|
Investopedia explains 'Admitted Company'An insurance company is considered a "foreign," "alien" or "nonresident" company except in the state in which its primary offices are domiciled. In addition, any person selling insurance of an admitted company must be licensed in that particular state. |
Related Definitions
Articles Of Interest
-
The History Of Insurance In America
Insurance was a latecomer to the American landscape, largely due to the country's unknown risks. -
The Alphabet Soup Of Financial Certifications
We decode the meaning of the many letters that can follow the names of financial professionals. -
Becoming An Insurance Agent
Few careers match the opportunity for as quick and large a paycheck as does being a life insurance agent. -
5 Things You Should Know About The New Health Insurance Marketplace
Here are five things you should know about the new Health Insurance Marketplace (AKA Health Insurance Exchange), which launches on October 1. -
Get An Academic Finance Career
Working nine months a year and earning a six-digit salary might seem like the high life, but these jobs are not easy to come by. -
Financial Designations That Employers Require
We break down the designations that are important to have if you want to work in the financial sector. -
Retirement: The One Thing Couples Shouldn't Do Together
Staggering retirement can have both financial and emotional benefits for married couples. -
Top 5 Budgeting Questions Answered
You don't need a degree to understand your money, begin saving and pay down debt. -
Investing In Medical Equipment Companies
Learn the basics about medical equipment companies and how investing in them can benefit growth and value investors alike. -
Tax Variations Of The HEART Act
The HEART Act is designed to allow service members and reservists make a smooth financial transition into active duty and back into civilian life.
Free Annual Reports