Since non-admitted insurance carriers do not have to operate under their state’s insurance laws, they don’t have the benefit of having the state in their corner in the event of insolvency. That also means that companies that purchase non-admitted policies do not have the protection of the state’s guaranty fund either, which might make non-admittedContinue reading “What are the drawbacks of being a non-admitted insurance company with Workers Compensation Class Codes?”
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