Surplus lines insurance definition
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 companies will have a rating of A-, Class VII, or better.
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 any property and casualty insurance 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 procured by a Surplus Lines
Surplus lines insurance means any property and casualty insurance in this state on
Surplus lines insurance means coverage not procurable from
Surplus lines insurance means insurance
Surplus lines insurance means insurance procured by a surplus lines licensee from