nonadmitted insurer
Defined in 1 place of the United States Code.
The term “nonadmitted insurer”—
(A) means, with respect to a State, an insurer not licensed to engage in the business of insurance in such State; but
(B) does not include a risk retention group, as that term is defined in section 3901(a)(4) of this title.
Source
- 2010–present15 U.S.C. § 8206Commerce and Trade · Definitions · for purposes of this subchapter