|
<br />Proposal of Insurance For Naveed Haider, M.D.
<br />Page 10 of 16
<br />
<br />Insurance Carrier Ratings and Admitted Status
<br />
<br />If the above indicates coverage is placed with a non-admitted carrier, the carrier is doing business in the state as a surplus lines or non-
<br />admitted carrier. As such, this carrier is not subject to the same regulations which apply to an admitted carrier nor do they participate in
<br />any insurance guarantee fund applicable in that state.
<br />
<br />The above A.M. Best Ratings was verified on the date the proposal document was created.
<br />
<br />GUIDE TO BEST RATINGS
<br />RATING LEVELS AND CATEGORIES
<br />
<br />Level Category
<br />A++, A+ .......................... Superior
<br />A, A- .............................. Excellent
<br />B++, B+ ........................Very Good
<br />Level Category
<br />B, B- ....................................... Fair
<br />C++, C+ .......................... Marginal
<br />C, C- .................................... Weak
<br />Level Category
<br />D ...................................................................... Poor
<br />E ..............................Under Regulatory Supervision
<br />F ....................................................... In Liquidation
<br />S ................................................. Rating Suspended
<br />FINANCIAL SIZE CATEGORIES (FSC)
<br />
<br />(in $000 of reported Policyholders’ Surplus plus Conditional Reserve Funds)
<br />
<br />FSC I Up to 1,000
<br />FSC II 1,000 to 2,000
<br />FSC III 2,000 to 5,000
<br />FSC IV 5,000 to 10,000
<br />FSC V 10,000 to 25,000
<br />FSC VI 25,000 to 50,000
<br />FSC VII 50,000 to 100,000
<br />FSC VIII 100,000 to 250,000
<br />FSC IX 250,000 to 500,000
<br />FSC X 500,000 to 750,000
<br />FSC XI 750,000 to 1,000,000
<br />FSC XII 1,000,000 to 1,250,000
<br />FSC XIII 1,250,000 to 1,500,000
<br />FSC XIV 1,500,000 to 2,000,000
<br />FSC XV 2,000,000 or more
<br />
<br />Best’s Insurance Reports, published annually by A.M. Best Company, Inc., presents comprehensive reports on the financial position,
<br />history, and transactions of insurance companies operating in the United States and Canada. Companies licensed to do business in the
<br />United States are assigned a Best’s Rating which attempts to measure the comparative position of the company or association against
<br />industry averages.
<br />
<br />A Best’s Financial Strength Rating opinion addresses the relative ability of an insurer to meet its ongoing insurance obligations. It is not a
<br />warranty of a company’s financial strength and ability to meet its obligations to policyholders. View the A.M. Best Important Notice:
<br />Best’s Credit Ratings for a disclaimer notice and complete details at http://www.ambest.com/ratings/notice.
<br />
<br />Best’s Credit Ratings are under continuous review and subject to change and/or affirmation. For the latest Best’s Credit Ratings and Best Credit Reports (which include Best
<br />Ratings), visit the A.M. Best website at http://www.ambest.com. See Guide to Best’s Credit Ratings for explanation of use and charges. Copies of the Best’s Insurance Reports
<br />for carriers listed above are also available upon request of your Gallagher representative.
<br />
<br />Best’s Credit Ratings reproduced herein appear under license from A.M. Best and do not constitute, either expressly or impliedly, an endorsement of (Licensee’s publication or
<br />service) or its recommendations, formulas, criteria or comparisons to any other ratings, rating scales or rating organizations which are published or referenced herein. A.M. Best
<br />is not responsible for transcription errors made in presenting Best’s Credit Ratings. Best’s Credit Ratings are proprietary and may not be reproduced or distributed without the
<br />express written permission of A.M. Best Company.
<br />
<br />Gallagher companies use A.M. Best Company’s rating services to evaluate the financial condition of insurers whose policies we propose to deliver. Gallagher companies make no
<br />representations and warranties concerning the solvency of any carrier, nor does it make any representation or warranty concerning the rating of the carrier which may change.
<br />
<br />Proposed Carriers A.M. Best's Rating ADMITTED/NON-ADMITTED
<br />Kinsale Insurance Company A-, VIII Surplus Not Admitted
|