ADMITTED INSURER
\ɐdmˈɪtɪd ɪnʃˈʊ͡əɹə], \ɐdmˈɪtɪd ɪnʃˈʊəɹə], \ɐ_d_m_ˈɪ_t_ɪ_d ɪ_n_ʃ_ˈʊə_ɹ_ə]\
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An INSURER that is authorized to write INSURANCE business in a particular state or jurisdiction; the contracts it offers are classified as ADMITTED INSURANCE. Also know as AUTHORIZED INSURER, LICENSED CARRIER. See also NONADMITTED INSURER. ADR See AMERICAN DEPOSITORY RECEIPT. ADS See AMERICAN DEPOSITORY SHARE. ADVANCE See LOAN.
By Henry Campbell Black
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