In which states is Lloyds considered non-admitted?

Lloyd's of London operates as a marketplace for insurance underwriters, and its status as a non-admitted insurer varies by state. A non-admitted insurer is one that has not been licensed or authorized to operate in a particular state but can still provide coverage there under specific regulations.

In the context of the chosen states—Illinois, Kentucky, and the U.S. Virgin Islands—Lloyd's is indeed considered non-admitted. Each state has its own insurance regulations, and Illinois and Kentucky both have provisions that allow for the use of non-admitted insurers under certain circumstances, such as in specialized or surplus lines situations. The U.S. Virgin Islands, being an unincorporated territory, generally applies similar principles regarding admitted and non-admitted insurance practices.

It’s important to understand that while many states have adopted the laws allowing certain non-admitted insurers to operate under surplus lines provisions, others have stricter guidelines, resulting in their classification of Lloyd's in various capacities. For those states not included in your answer, they may have regulations that permit Lloyd's to operate as an admitted insurer or do not classify it the same way as the selected states. This highlights the unique regulatory environment within each state, which determines the status of insurance companies operating