Examples of Surplus lines licensee in a sentence
However, thisdoes not include the following lines of insurance: Reinsurance Commercial aircraft Certain classes of wet marine (Hull, Marine Builders Risk, Protection and Indemnity ‘P&I,’ Ocean Cargo) and transportation Insurance independently procured Life, accident or health insurance Annuities Surplus lines licensee.
Surplus lines licensee" means an individual licensed under section five of this article to place insurance on properties, risks or exposures located or to be performed in this state with nonadmitted insurers eligible to accept such insurance.
Surplus lines licensee" or " surplus lines broker" means an individual, firm or corporation that is licensed in a state the insured's home state to sell, solicit, or negotiate insurance, including the agent of record on a nonadmitted insurance policy, on properties, risks or exposures located or to be performed in a state with allowing nonadmitted insurers to do business.
Agent appointment, Medicare supplement1 and long-term care, nonindividual 20.002 Agent, overseas military 20.003 Broker, nonresident 100.004 50.005 Broker, resident 50.006 Limited representative 20.007 Limited representative cancellation (paid by8 insurer) 10.009 Motor vehicle damage appraiser 75.0010 Recertification, continuing education 5.0011 Surplus lines licensee, corporate 50.0012 Surplus lines licensee, individual 50.0013 These fees are in lieu of any other license fees.