58-30-1.2. "Rejected business" defined.
45 words·~1 min read·
/sd/title-58/chapter-58-30/58-30-1-2·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Rejected business is a risk that an insurer then represented by the insurance producer has rejected for underwriting reasons, or is willing to accept only on a substandard basis; but which business will be accepted and issued by another authorized insurer at a lower rate.