is seneca an admitted company?
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Asked June 28, 2016
Yes, Seneca is an admitted insurance company in the United States. This means that the company is licensed and regulated by the state government in the states where it operates. Admitted insurance companies must meet certain financial and regulatory requirements to be licensed by state insurance departments. As a result, policyholders of admitted insurance companies are generally protected by state insurance guarantee funds in the event that the company becomes insolvent or unable to pay claims. Seneca is a specialty insurance provider that offers a range of commercial insurance products, including property, liability, and workers' compensation coverage. The company operates in several states throughout the US, including California, Colorado, Arizona, and Nevada. When selecting an insurance company, it's important to consider factors beyond just whether or not the company is an admitted insurer. Other important factors to consider include the company's financial strength, customer service reputation, policy options, and pricing. Comparing quotes and policy options from multiple providers can help you find the best coverage at the most affordable price.
Answered June 28, 2016 by insguy