Wholesale Insurance
Contents
Unraveling Wholesale Insurance: Understanding Coverage for Small Employer Groups
Deciphering Wholesale Insurance
Explore the concept of wholesale insurance, which caters to employer groups too small for traditional group coverage. Discover how individual policies are written for each member of the group and the role of nonadmitted carriers in offering these policies.
Delving into Wholesale Insurance Dynamics
Understand the intricacies of wholesale insurance, including its provision for small groups with fewer than 10 employees and the uniform provisions across individual contracts. Learn about the risks associated with policies from nonadmitted carriers and the range of products available for small businesses.
Special Considerations in Wholesale Insurance
Gain insights into the specialized expertise of wholesale insurance brokers and their role in accessing specific insurance markets. Learn about the distinctions between wholesale brokers, managing general agents, and surplus lines brokers.
Contrasting Wholesale and Retail Insurance Markets
Distinguish between wholesale and retail insurance markets, highlighting the regulatory differences, underwriting practices, and roles of broker-agents in each.
Article Sources:
- Investopedia - Wholesale Insurance
- National Association of Insurance Commissioners (NAIC) - Nonadmitted and Reinsurance Reform Act (NRRA)
- [The Surplus Line Association of California (SLAC) - Understanding the Surplus Line Market](https://www.slacal.org/understanding-th