Surplus lines insurance producer definition

Surplus lines insurance producer means a person that sells, solicits, negotiates, or procures an insurance policy from an insurer not licensed to transact business in this state which cannot be procured from an insurer licensed to do business in this state.
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Surplus lines insurance producer means a person licensed pursuant to chapter 522B to sell, solicit, or negotiate surplus lines insurance.2012 Acts, ch 1025, §2, 22 515I.3 Placement of surplus lines insurance business with nonadmitted insurers.1. Surplus lines insurance may be placed by a surplus lines insurance producer with a nonadmitted insurer only if all of the following requirements are met:
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Surplus lines insurance producer means a person that sells, solicits, negotiates, or
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Examples of Surplus lines insurance producer in a sentence

  • Surplus lines insurance producer application.The insurance commissioner will not issue a resident surplus lines insurance producer's license until the applicant has met the requirements of North Dakota Century Code section 26.1-26-17, has completed and filed with the commissioner a completed application for a surplus lines insurance producer license, and paid the license fee.

  • Surplus lines insurance producer must conduct search.The licensed surplus lines insurance producer seeking the placement of nonadmitted insurance must conduct a diligent search to ascertain whether the insurance, indemnity contract, or surety bond can be procured from a company authorized to do business in this state.

  • Surplus lines insurance producer" means an individual or business entity licensed under 33-2-305 to place surplus lines insurance on risks resident, located, or to be performed in this state with unauthorized insurers eligible to accept the insurance.

  • Surplus lines insurance producer application.The insurance commissioner will not issue a resident surplus lines insurance producer's license until the applicant has met the requirements of North Dakota Century Code section 26.1- 26-17, has completed and filed with the commissioner a completed application for a surplus lines insurance producer license, and paid the license fee.


More Definitions of Surplus lines insurance producer

Surplus lines insurance producer means a person licensed pursuant to chapter 522B to sell, solicit, or negotiate surplus lines insurance.2012 Acts, ch 1025, §2, 22
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Surplus lines insurance producer means a person licensed pursuant to chapter 522B to sell, solicit, or negotiate surplus lines insurance.2012 Acts, ch 1025, §2, 22; 2019 Acts, ch 19, §1, 2NEW subsection 7Former subsection 7 amended and renumbered as 8Former subsections 8 – 18 renumbered as 9 – 19 515I.3 Placement of surplus lines insurance business with nonadmitted insurers and domestic surplus lines insurers.1. Surplus lines insurance may be placed by a surplus lines insurance producer with a nonadmitted insurer or domestic surplus lines insurer only if all of the following requirements are met:
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Surplus lines insurance producer means a person
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Surplus lines insurance producer means a person who is
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Surplus lines insurance producer means an individual or business entity licensed under 33-2-305 to place surplus lines insurance on risks resident, located, or to be performed in this state with unauthorized insurers eligible to accept the insurance.
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Surplus lines insurance producer means a person licensed pursuant to chapter 522B to sell, solicit, or negotiate surplus lines insurance.
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Related to Surplus lines insurance producer

  • 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 insurer means a non-admitted insurer with which insurance coverage may be placed under this chapter.

  • Insurance producer means a person required to be licensed under the laws of this state to sell, solicit or negotiate insurance, including annuities.

  • Eligible surplus lines insurer means a nonadmitted insurer with which a surplus lines

  • Life insurance producer means any person licensed in this state as a resident or nonresident insurance producer who has received qualification or authority for life insurance coverage or a life line of coverage pursuant to chapter 522B.

  • Insurance Provider s Tender” means the completed Tendering Document submitted by the Insurance Provider to the Procuring Entity

  • Limited lines insurance means any of the following:

  • Limited line credit insurance producer means a person who sells, solicits, or negotiates one or more forms of limited line credit insurance coverage to an individual through a master, corporate, group, or individual policy.

  • Co-insurance means the percentage of the usual, reasonable, customary, and fair market value expense that a covered person must pay.

  • Blanket travel insurance means a policy of travel insurance issued to any eligible group providing coverage for specific classes of persons defined in the policy with coverage provided to all members of the eligible group without a separate charge to individual members of the eligible group.

  • Insurance means (i) all insurance policies covering any or all of the Collateral (regardless of whether the Collateral Agent is the loss payee thereof) and (ii) any key man life insurance policies.

  • Travel Insurance means coverage for personal risks incidental to planned travel, including one or more of the following:

  • R&W Insurance Policy has the meaning set forth in Section 6.15.

  • Mortgage guaranty insurance means surety insurance under which a mortgagee or other creditor is indemnified against losses caused by the default of a debtor.