n INSURER which authorized to create INSURANCE business in a specific state or jurisdiction; the agreements it gives tend to be classified as ADMITTED INSURANCE. Also understand as AUTHORIZED INSURER, LICENSED CARRIER. See additionally NONADMITTED INSURER. ADR See UNITED STATES DEPOSITORY RECEIPT. advertising See UNITED STATES DEPOSITORY SHARE. ADVANCE See LOAN.
An insurer licensed to do company inside state or nation when the guaranteed publicity is situated.