Reinsurance for which no credit is given in a ceding company’s annual statement because the reinsurer is not licensed or authorized to transact that particular line of business in the jurisdiction in question. Reinsurance is “non-admitted” when placed in a non-admitted company and therefore may not be treated as an asset against reinsured losses or unearned premium reserves for insurance company accounting and statement purposes.
Insurance Encyclopedia
on-Tariff Rating
Some of the classes of business which neither falls within the scope of tariffed class nor within the purview of any market Agreement are rated by the individual companies based on their own experience and on the basis of one or another rating method discussed here.