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How does ASIC provide coverage?

In practical terms, ASIC provides specialized primary coverage either as a fronter or in support of a primary placement. The terms and conditions of the insurance, together with the claims handling of the account, are determined by the initial placement, which ASIC will typically follow as the pro-rata coverage insurer.

Wording is clearly stated on all policies to conform which each state’s applicable “stamping” language (customarily that ASIC is not licensed by the state and is not subject to the same regulatory scrutiny as admitted insurers, and that the policy is not subject to the insolvency protection provided by the state insurance guaranty fund), which such specific wording used as prescribed by the state at the relevant time.

To the extent that ASIC issues policies to insureds located outside of Arizona, ASIC conforms to the “stamping language” on such policies to the language required under those states’ excess and surplus lines statutes and regulations.

What is ASICs underwriting process?

ASIC has strong relations with producers, distributors and program managers who require specialized coverage on primary risks. ASIC works with the appropriate intermediaries to place the business in accordance with all states insurance statutes and regulations.

An independent and professional underwriting review is utilized on each account to understand the account and its loss exposures thoroughly. ASIC undertakes a full review of each submission, as well as a high level of expertise and in-house and external actuarial support. The submission narrative we receive from intermediaries includes a description of the customer’s business operations and associated loss exposures, all of the hazards associated with the account, and all risk control measures adopted (or to be adopted).

ASIC works with licensed surplus lines brokers to confirm how the account should be handled and provide the rationale for any recommended changes to the existing program. ASIC undertakes a thorough review of the account’s claims history in order to properly price the coverage.


ASIC insists upon at least 3 – 5 years of loss data prior to completing an underwriting review. ASIC must receive all details of any large losses that occurred prior to or during that period. In case the underwriter has questions about other losses occurring before that period, the intermediary should have access to records of all prior losses.

What lines of business does ASIC write?

ASIC operates as an excess and surplus carrier across the United States, writing various transportation, ocean marine, inland marine, general liability, and miscellaneous insurance products as a non-admitted carrier.

ASIC caters to the primary program insurance business segment in the U.S. domestic market. This is primary domestic insurance business that is in the class of Commercial Specialty insurance. It is written by third-party program administrators. It tends to be written with a very low limit utilization, usually with a combined single limit between $1m- $2m. It is well geographically spread and non-NAT CAT exposed.

ASIC trades in lines of business with no legacy loss exposure. See our  Specialty Segments page for more info, reach out to us at

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