Technically speaking, Jetty is not an insurance company or “insurance carrier”.
Within the insurance industry, this term has a technical definition meaning a regulated, financial institution that holds balance sheet risk. (This stuff gets pretty complicated pretty quickly, but if you want to learn more, Investopedia has a great overview of the sector).
Jetty does not hold balance sheet risk, and is what's known in the industry as a 'Managing General Agent.' The MGA model is a longstanding regulatory and operating model within the industry that allows a company to create, market, and administer insurance offerings to consumers without being a true “insurance company.” Instead, we partner with Munich Re, the world’s largest reinsurer, and our policies are backed by their $275B balance sheet.
Issuance of coverage is subject to underwriting review and approval. Coverage may not be available in all states. Please see a copy of the policy for the full terms, conditions and exclusions. Policy obligations are the sole responsibility of State National Insurance Company, Inc. (NAIC No. 12831), Bedford, TX, in all states except Florida, and National Specialty Insurance Company (NAIC No. 22608), Bedford, TX, in Florida (collectively, “State National”). Coverage scenarios are hypothetical and shown for illustrative purposes only. Coverage is dependent on the actual facts and circumstances giving rise to a claim.
Jetty Insurance Agency LLC (Jetty) is an insurance agency licensed to sell property-casualty insurance products. Jetty will receive compensation from State National for such sales. Refer to the Legal Notices section for additional information.