Topic: Definitions Excess Surplus Lines Insurance
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Answers to Common Questions
What Is Surplus Lines Insurance?
Standard insurance companies in the United States cannot provide coverage (protection) for every type of risk. Surplus lines insurance companies take care of risks that standard insurance companies cannot cover. You can think of the risks t... Read More »
Source: http://www.ehow.com/facts_6828032_surplus-lines-insurance_.html?r...
What does excess and surplus lines refer to?
This is the license class that enables an insurance agent and/or agency to place large and/or hard-to-place insurance risks with non-admitted insurance carriers, also known as surplus lines or excess lines carriers. This class of insurance ... Read More »
Source: http://wiki.answers.com/Q/What_does_excess_and_surplus_lines_refe...
What is Excess Line Broker (Surplus Line Broker)?
Insurance salesperson who is licensed to place coverage with an insurance company that is not licensed to do business in the state of domicile of the broker. The excess line coverage must be unavailable from a company licensed in the broker... Read More »
Source: http://www.answers.com/topic/excess-line-broker-surplus-line-brok...
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Answers to Other Common Questions
Specialized property or liability coverage provided by a nonadmitted insurer in instances where it is unavailable from insurers licensed by the state. Examples of surplus lines are coverage for some environmental impairment liability risks,...
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Source: http://www.answers.com/topic/surplus-lines-excess-surplus-lines
You didn't give any choices. But an MGA is an agent that has the authority to issue the policy in their office. A surplus lines insurance company is one that is not admitted to do business in a particular state. Source(s): agent, 21+ years
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Source: http://answers.yahoo.com/question/index?qid=20080706213746AAevBY0
If they aren't licensed and regulated to do business in your state, they are "non-standard" or "surplus lines". They mean the same thing - non-regulated by your state, not subject to the state fund if they go bankrupt, and subject to extra ...
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Source: http://answers.yahoo.com/question/index?qid=20070502124444AA0t6TV
Excess and Surplus Lines, when referred to in Insurance, refers to the protection provided for coverage that is not to be had from any of the insurers licensed to operate in the state. This kind of coverage (mainly casualty and property ins...
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Source: http://www.askforinsurance.com/insurance-terms/e/excess-and-surpl...
Excess and surplus lines insurance is a segment of the insurance market that allows consumers to buy property and casualty insurance through the state regulated insurance market, where policyholders, agents, brokers and insurance companies ...
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Source: http://www.aamga.org/faqs
When a risk is declined by standard (licensed) carriers, you can take that risk to a surplus lines (not licensed) carrier. Standard carriers are regulated by the state in a variety of ways, including oversight of the amount of premium charg...
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Source: https://www.insurancenoodle.com/secure/agency
1 Tower Square , Hartford, CT, 06183-0001
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Source: http://www.manta.com/company/mm8vln6
