Also known as standard companies, are regulated both in premium rates and policy form requirements and must be licensed in the respective states where the risk is located. The type of business admitted companies write is similar and uniform countrywide, homogeneous types of risks. Admitted companies are given the protection of state guaranty funds, claim payment protection in the event of default.

Also known as excess and surplus lines companies, are not subject to regulation for either premium rates or policy forms. Non-admitted companies provide insurance through appointed brokers that are specifically licensed as surplus lines brokers, which is unavailable with admitted companies. Non-admitted companies provide flexibility for the unique characteristics and unusual needs of the insured. Non-admitted companies are required to be licensed in their home office jurisdiction but are also regulated by local state surplus lines laws which protect the insurance consumer.