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High Risk Insurance Facts

An agent cannot place coverage with a non-admitted carrier without first submitting and being declined by three admitted carriers. They are then required to file a “diligent search report,” summarizing their submissions with the state.

All insurance carriers, both admitted and non-admitted, are rated based on their performance in handling a claim, and their financial size and strength.

The majority of professional liability policies are written with non-admitted carriers. These include contractors general liability, doctors (medical malpractice), architectural liability and attorneys liability.

All Workers Compensation policies must be written with an admitted carrier.

 

 

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