In states where an insurer is not licensed, it is considered a nonadmitted insurer.States primarily allow such nonadmitted insurers to sell only coverage that is unavailable from their licensed insurers.This generally unavailable coverage is known as:

Question

Quizplus · Accepted Answer

Excess and surplus lines insurance refers to coverage offered by nonadmitted insurers when the protection cannot be obtained from admitted insurers within the state. This type of insurance is typically used for risks that are too high or too unusual for standard insurance companies.

In States Where an Insurer Is Not Licensed, It Is