There are several benefits to admitted policies to your clients.

  • Admitted policy forms are filed with the state departments of insurance and have to be approved for use.

  • Admitted policies comply with all state regulations and may have to follow special provisions or offer specific coverages that the state mandates.

  • Rates are filed with the state and increases must be approved before taking effect.

  • Admitted policies are protected by each state’s guaranty fund and provide an extra layer of security and trust for your clients.

  • The common alternative to admitted is surplus. Before receiving a surplus quote a business needs to be rejected 3 times in the admitted market.

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