Palomar Specialty Insurance Company operates as an admitted carrier in numerous states where it conducts business, meaning its policy forms, rules, and premium rates are formally filed with and approved by state insurance departments. Operating as an admitted carrier affords policyholders the complete legal protections and regulatory oversight mandated by state laws, including access to state guaranty fund associations. Additionally, the group maintains surplus lines capabilities through companion entities when specialized or non-admitted policy structures are required for complex commercial risks.
1 votes
Marked as accepted