An INSURER that is authorized to write INSURANCE business in a particular state or jurisdiction; the contracts it offers are classified as ADMITTED INSURANCE. Also know as AUTHORIZED INSURER, LICENSED CARRIER. See also NONADMITTED INSURER. ADR See AMERICAN DEPOSITORY RECEIPT. ADS See AMERICAN DEPOSITORY SHARE. ADVANCE See LOAN.

More On This Topic

Link to This Definition
Did you find this definition of ADMITTED INSURER helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary