What does ADMITTED COMPANY mean?

ADMITTED COMPANY meaning in Law Dictionary

whenever an insurance coverage organization can write policy for any other states. The organization must certanly be approved to behave in each condition they would like to work with.

ADMITTED COMPANY meaning in Insurance Dictionary

a business certified or authorized to market insurance into average man or woman. In america, admitted businesses tend to be licensed on a state-by-state basis and differentiated from excess lines insurers, which are authorized to sell insurance in circumstances on a nonadmitted foundation.