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General

Admitted Carrier

An admitted carrier is licensed and regulated by the state where it writes business and is backed by the state guaranty fund. If an admitted carrier becomes insolvent, the guaranty fund covers open claims up to its limits.

Licensed and regulated by the state. Backed by the state guaranty fund. Example: most major personal carriers are admitted in the states where they sell. If an admitted carrier becomes insolvent, the state guaranty fund pays open claims up to its limits.