Surplus lines insurance means insurance in this State of risks located or to be performed in this State, permitted to be placed through a licensed broker with a nonadmitted insurer eligible to accept the insurance, other than reinsurance, wet marine and transportation insurance, insurance independently procured, and life and health insurance and annuities. Excess and stop‑loss insurance coverage upon group life, accident, and health insurance or upon a self‑insured’s life, accident, and health benefits program may be approved as surplus lines insurance.

Surplus lines insurance means coverage not procurable from admitted insurers.

Surplus lines insurance means insurance procured by a surplus lines licensee from a surplus lines insurer or other nonadmitted insurer as permitted under the law of the home state; for purposes of this compact, "surplus lines insurance" also means excess lines insurance as may be defined by applicable state law.

Examples of Surplus lines insurance in a sentence

Surplus lines insurance sold only through licensed surplus lines producers.
Surplus lines insurance is insurance sold by insurance companies not licensed in the particular state where it is sold.
License requirement - Surplus lines insurance producer.An applicant for a license as a surplus lines insurance producer must be licensed in this state as an insurance producer qualified as to the line or lines to be written.
Surplus lines insurance producer's authority.A surplus lines insurance producer may act as a surplus lines insurance producer in this state for any foreign company or insurer not authorized to transact business in this state in securing, issuing, or placing insurance policies, indemnity contracts, or surety bonds on property located in, or undertakings to be carried out in, this state for the company or insurer.
Surplus lines insurance may be placed by a surplus lines producer if:1.

More Definitions of Surplus lines insurance

Surplus lines insurance means any property and casualty insurance in this state on properties, risks, or exposures, located or to be performed in this state, that is placed through a surplus lines insurance producer with an eligible surplus lines insurer. For purposes of this chapter only, “surplus lines insurance” also includes disability insurance that is in excess of policy limits available from an admitted insurer.

Surplus lines insurance means insurance procured by a Surplus Lines

Surplus lines insurance means coverage not procurable from

Surplus lines insurance means insurance procured by a surplus lines licensee from

Surplus lines insurance means any property and casualty insurance in this state on properties, risks, or exposures, located or to be performed in this state, permitted to be placed through a surplus lines producer with a nonadmitted insurer eligible to accept such insurance pursuant to section 26.1-44-03.

Surplus lines insurance means insurance