Disclaimer: Scottsdale Insurance Company operates in an approved and unapproved manner in all states except Ohio, Arizona and Delaware. Scottsdale Indemnity Company operates in an approved and unadmitted manner in Arizona and Delaware, and Scottsdale Surplus Lines Company operates in an approved and unadmitted manner in Ohio. Risks must be allocated in accordance with state and federal laws, including applicable laws on surplus lines. Airlines with surpluses do not usually participate in State Guarantee Funds, so insured persons are not protected by such funds.
This website contains information about products that may not be available in all states. The information available in the non-password-protected sections of this website is for general information purposes only and does not constitute an offer to sell or a request to purchase any product. Products can only be obtained through a designated general agent or a licensed surplus line broker in the state where the policy is issued. All inquiries should be directed to your local insurance professional.
Unadmitted insurance companies have greater flexibility, since their rates and forms aren't filed or approved by the state. The true measure of an insurance company is its financial rating. Most admitted insurance companies have a subcompany or branch that is not allowed. For example, Scottsdale Insurance Company is an unlicensed insurance company, but it is a division of Nationwide.
The insurance market has seen a steady decline in the number of companies that declare general liability to contractors in the state and an increase in insurance premiums. Whether or not an insurance company is admitted should not be the most important factor when considering an insurance company. For example, Illinois Union Insurance Company, which probably isn't a company you've heard of, isn't admitted in New York State, but it's part of the Chubb group of companies, which is probably one of the best-known insurance companies in the world. Some admitted insurance companies are better than some unadmitted insurance companies, but the same can be said for some unadmitted insurance companies.