Surplus lines us. Apr 5, 2024 · Explore the essentials of Surplus Lines Insurance, including its benefits, regulations, and how it protects businesses beyond conventional policies. surplus lines insurance market was valued at $52. With the ability to accommodate a wide variety of risks, the Feb 6, 2025 · The excess and surplus lines market continued to grow in 2024, with premium reaching more than $81 billion, according to annual reports from 15 state The Surplus Lines Fundamentals online course was developed by The Institutes, in collaboration with WSIA. If you don't live in Texas, you must have a reciprocal state's surplus lines license. Requirements Generally speaking, US states regulate surplus lines transactions by exercising jurisdiction over licensed surplus lines brokers. Is Arizona participating in a compact or agreement that requires multi-state transactions to be filed with a central clearinghouse? Feb 9, 2025 · The U. An admitted company obtains a certificate of authority to operate in a given state, and it is fully subject to and regulated by the laws of the state. The bulletin emphasizes compliance with Section 659 of Title 22 of the Virgin […] Sep 11, 2024 · The U. Whenever agents, brokers, companies, or policyholders have specific questions pertaining to business practices, tax implications, or statutory interpretation, we urge the respective parties to seek the counsel of a competent attorney or tax consultant licensed in the The Tax Estimator is a free online tool designed to assist with compliance and quoting by estimating premium taxes, fees, and assessments for surplus lines placements on all lines of business in Colorado, Oklahoma, South Dakota, Tennessee, and Wyoming. Sep 7, 2022 · Lloyd’s’ market share of US surplus lines business has been gradually declining since 2017, according to a study on the segment by AM Best. Last Update: 03/17/2025 Updates to the information will be noted with a "*" next to the state name and edits will be italicized and bolded. Mar 15, 2024 · Surplus lines insurance offers protection for financial risks that traditional insurance companies may avoid due to their unique or high nature. U. IMPORTANT: This website requires the use of cookies to store your user group selection. By understanding surplus lines insurance, stakeholders gain insight into an alternative financial safety net for unconventional or high-risk ventures. This article will cover the Oct 25, 2024 · Katarina Pregelj, Ivans VP of Commercial Strategy, explores the growing importance of Excess and Surplus lines in the insurance industry. This fee is typically paid by the insurance company and can range from 2% to 5% of the premium. The following is an edited list of information provided to Best's Review by excess and surplus lines carriers, managing general agents and surplus lines brokers. Includes specialty residential and homeowner's coverages as well as standalone coverages (e. 1 day ago · Written for Institution NC surplus lines. Resident and non-resident individual Surplus Lines licensees automatically become a member of the North Carolina Surplus Lines Association (NCSLA) when they receive or renew their NC Surplus Lines license. 6% (4% surplus lines tax plus 2% Municipal Association tax) (Quarterly and Annual) Mar 25, 2025 · Application Companies seeking to be eligible for Surplus Lines must first file with the Surplus Lines Stamping Office of Texas. IID Surplus Lines Industry Summary States & Territories 2021 U. The following section summarizes the surplus lines eligibility and filing requirements of the various states for both foreign (U. For additional information on fees, refer to SLA bulletin #1371. 1 percent year-over-year increase in 2024 for surplus lines insurers reporting to the 15 state service and stamping offices. surplus lines market has continued to contribute to growth for nonadmitted insurers. Membership in the NCSLA is required by North Carolina General Statute § 58-21-40 b. Surplus Lines Market THE FOLLOWING materials are intended to provide an overview and introduction to the surplus lines market. Veterans taking a state licensing examination required by Missouri statute may be reimbursed for the cost of the examination. For those new to the space surplus lines tax, also called non-admitted insurance tax, is a tax applied to policies not covered by the state's admitted insurance market. May 15, 2025 · AM Best, a credit rating agency, has released a new report showing continued growth in the premiums generated by non-admitted insurers within the US surplus lines market. surplus lines direct premiums written (DPW) rose by 19. InsCipher handles all your agency's surplus lines tax filings, reports, and payments for all 50 states. This represented the 13th consecutive year of premium growth, and sixth consecutive year of double-digit growth. The report also includes the results of AM Best’s survey of surplus lines insurers measuring the proportion of surplus lines premium derived from various distribution channels. Excess and surplus (E&S) premiums increased for the fourth straight year in 2022, rising 20% to $75. Addendum to this bulletin will be issued, if necessary. This rise in premiums highlights significant opportunities spurred by ongoing challenges in the property and casualty (P&C Aug 27, 2024 · About Us The Surplus Line Association of Oregon assists the Oregon Division of Financial Regulation in regulating and collecting taxes on surplus lines business. Lloyd’s syndicates may underwrite surplus lines insurance from all US states and territories other than Kentucky and the US Virgin Islands. 1 billion in 2019 and to hit $125. The states' insurance laws therefore require surplus lines business to be placed via a surplus lines broker licensed to do business in the state governing the placement of the risk. 1 day ago · 60-Hour Surplus Lines Pre-Lice60-Hour Surplus Lines Pre-Licensing Course exam with correct Course exam with correct answers. 1% but Nov 28, 2022 · × RANKING 2022 Best’s Rankings: Top 25 US Surplus Lines Insurers – 2022 Edition Ranked by 2021 direct premiums written. The U. property and casualty insurance companies that predominantly wrote E&S business in 2020 and represents ~98% of the total US surplus lines business (excluding Lloyd's). The Working Group is composed of state regulators with experience in financial analysis and surplus lines regulation. excess and surplus (E&S) direct written premiums (DWP) grew by 15% in 2023, which was below the five-year CAGR of almost 20%, but double the 7% increase for the entire U. Surplus Lines (Non-Admitted) Data Source Data is from Aon defined composite of 147 U. Growth in specialty products and demand for insurance IID Surplus Lines Industry Summary States & Territories 2022 U. ) and alien surplus lines insurers. surplus lines insurance market demonstrated robust growth in 2024, with premium volume reaching $81. Contact us for more details on Surplus Lines Training Courses. 6% Sep 17, 2024 · The US surplus lines market surpassed the $100bn premium threshold for the first time in 2023, producing $115. These bright students inspired us with their energy, curiosity, and desire to learn. Discover the ins and outs of surplus lines insurance, a specialized coverage for unique risks, including commercial and personal policies. excess and surplus (E&S) lines market continues to offer profitable growth opportunities for insurers and reinsurers in the London market – Eligible Surplus Lines Company Search For an alphabetical list of eligible surplus lines insurance companies, click on the desired starting letter of the company name *. If you want to apply for an agent What are Arizona's surplus lines tax filing requirements? For detailed "Surplus Lines Transaction Report and Tax Payment Instructions", click on the "Forms and Instructions" menu item in the left column of this page. 5 billion in 2022, marking a five-year streak of double-digit Feb 10, 2020 · As we embark upon a new decade, the surplus lines insurance market has never been stronger. The CDI has directed that all charges imposed or required by the surplus line insurer, whether labeled as premium, inspection fees, policy fees, or any other name, constitute taxable premium. To further help our clients successfully negotiate the compliance process ReSource Pro offers a surplus lines tax calculator that brings together information for all 50 states, the District of Columbia, and Puerto Rico. Goosehead Insurance explains the benefits and use cases. ” Similar to the premium generated across the broader property/casualty market, California, Florida, Texas and New York consistently account for the largest share of surplus lines premium. , with the first opening in California in 1937. Virgin Islands Division of Banking, Insurance, and Financial Regulation has issued Bulletin 2025-02, detailing the eligibility criteria and approved list of unauthorized (surplus lines) insurers allowed to operate in the Territory from July 1, 2024, to June 30, 2025. Oct 16, 2012 · ELANY is a proud supporter of the next generation and organizations who develop rising talent. One monthly invoice from InsCipher covers all taxes and fees across all states. Industrial Insurance/Self-procedure Procedures Surplus Lines Specific Information Alien Surplus Lines Eligibility Requirements Foreign Surplus Lines Eligibility Requirements and Application Foreign Surplus Lines Continuing Eligibility Review and Filing Fees Eligible Alien Surplus Lines Insurers (See Link to "Quarterly Listing of Alien Insurers") Surplus lines insurance brokers are licensed and regulated by the Department of Commerce. Apr 22, 2025 · Is E&S insurance regulated? Yes, E&S insurance is regulated differently than admitted insurance. Find answers to common questions about surplus lines filings, compliance, and using SLIP+. AZ and UT don't have categories for multi-peril lines. These offices collectively record more than 60% of all surplus lines insurance written nationally. Apr 16, 2025 · The U. Jun 11, 2025 · Master surplus lines compliance with this guide. Dec 28, 2023 · When managing surplus lines taxes and fees, it’s crucial to follow the specific filing procedures and ensure compliance to avoid penalties. Territories Every year, Troutman Pepper Locke publishes an “Excess and Surplus Lines Laws Manual. 2. Jun 15, 2024 · Explore crucial Surplus Lines Taxation Issues, from regulatory frameworks to compliance best practices, ensuring you navigate challenges effectively for your business. Feb 1, 2025 · Explore the essentials of surplus lines insurance, including its unique market role, regulatory aspects, and impact on policy management. The report notes a 12. By definition, surplus lines companies are not licensed to sell insurance in Texas. Mar 17, 2025 · Surplus Lines Chart The chart below identifies each state's requirements for a surplus lines carrier for corporate changes. Learn more about our coverage. Feb 6, 2025 · The US Surplus Lines Service and Stamping Offices have reported that surplus lines premium surpassed $81 billion in 2024, reflecting a 12. Submit an application and pay the $100 fee. Allows for accurate surplus lines tax calculation with our fully-maintained surplus lines tax Surplus lines insurance is a specialized coverage available from certain insurers not licensed in Massachusetts but approved as surplus lines companies to insure certain risks in the Commonwealth. 8 million reported items filed throughout the Feb 23, 2016 · The regulations and requirements for placing an insurance policy using surplus lines vary from state to state and can be confusing. This information is based upon state surplus lines laws and regulations as well as responses to surveys that were sent to state insurance departments and surplus lines associations. Learn what Surplus Lines Insurance is and how it works. Feel free to call the SLA at (415) 434-4900 if you have any questions. Identifies dues dates for state surplus lines tax filings and reporting requirements, state tax rates and additional fees, links to instructions and forms, information about zero premium reporting requirements and information about the permissibility of courtesy filings. AffidavitsAn affidavit is a written statement of facts signed by the agent and/or insured. Course NC surplus lines. US business comes to the market from retail brokers or from insurance wholesalers called Lloyd’s coverholders. It provides the list of surplus lines insurers approved to conduct business in the jurisdiction from July 1, 2023, through June 30, 2024. ) on residential properties. Welcome to the California SLA Website. Over the past 3 Pennsylvania Surplus Lines Association (PSLA) provides training and education on surplus lines insurance, facilitates compliance by surplus lines licensees with the laws of this Commonwealth; provides an electronic repository for surplus lines coverage written by licensees; and provides information to the Pennsylvania Insurance Department. ” The 2025 edition reflects the pertinent changes in the surplus lines laws and regulations of the 50 states and U. excess and surplus (E&S) lines market, a crucial component of the broader insurance landscape, continues to show robust growth despite a recent slowdown. It calculates premium tax amounts, stamping fees and other state-specific fees, and shows the filing and tax payment due dates. property/casualty (P/C) industry. Surplus Line Association of UtahThe purpose of the Association is to assist the State of Utah Insurance Commissioner in the collection of premium tax and to supervise surplus line producers with respect to the writing of non-admitted surplus lines insurance business in Utah. Feb 27, 2025 · Understand Kentucky’s surplus lines insurance requirements, including licensing, insurer eligibility, placement rules, taxes, and compliance obligations. 90 billion in 2021. Click here for answers to frequently asked questions. The course was created as an Excess & Surplus Lines “primer” for anyone seeking to understand how the surplus lines market works and ideal for training new hires working for surplus lines insurers, wholesale brokers, managing general About Us The Association of Washington-licensed surplus lines brokers was formed in joint cooperation of the Insurance Department and the licensed surplus lines brokers. Surplus Lines Premiums Grand Total % of Total $74,850,985,997 75. Feb 18, 2025 · The surplus lines fee is a tax levied on non-admitted insurance policies, also known as surplus lines insurance. 9 billion by 2027, growing at a CAGR of 15. Jul 19, 2023 · What are state insurance license requirements for selling surplus lines? In most states, a broker who hopes to sell surplus lines insurance must first have a producer license with a property and casualty (P&C) license class before selling surplus lines. 6 billion across 15 stamping office states – a 12. The surplus lines licensee is mandated to file the quarterly surplus lines appendix 1 no later than within 45 days after the end of each calendar quarter ending March 31, June 30, September 30, and December 31. Some states only issue surplus lines broker licenses to brokers Surplus Line Association of California website. Affidavits are The mission of American Surplus Lines Agency is to provide exceptional client service utilizing our expertise in different and unusual risks and our sound insurance knowledge and experience. surplus lines insurance market reached a significant milestone in 2023, surpassing $100 billion in premiums for the first time and recording over $115 billion in direct premiums Oct 2, 2023 · Total U. Typically excess and January 1 District of Columbia Surplus Lines Semi-Annual Two Filing 1 Virgin Islands Premium Tax Filing Quarter Four 1 Generally includes packaging of commercial GL, inland marine, crime, boiler and machinery, auto and farm. US surplus lines risk placed at Lloyd’s can only be underwritten by Lloyd’s syndicates that are approved by the National Association of Insurance Commissioners and appear on the NAIC Quarterly Listing of Alien Insurers. AIG's excess and surplus (E&S) solutions are provided by Lexington Insurance & Western World, which work with high-risk businesses. Business Insurance ranks the largest excess and surplus lines insurers in the country based on their 2024 nonadmitted direct premiums data collected in our annual survey. surplus lines market notched double-digit year-over-year (YoY) premium growth from 2018-2023, as wholesale brokers tapped this market with Apr 22, 2025 · “Many states, in addition to multiple lines of business, have been key contributors to the momentum buoying the surplus lines market. Surplus Line Association of Washington Documents | Membership | Calendar of Events | Gallery | Contact About Us | News | Filing Information | Brokerage Firms | Carriers | SLIP | Laws & Regulations | Education | Links | Manual VI| The U. Every state has its own rules and demands for surplus lines tax, so it's crucial for insurance experts to grasp the discrepancies between states. You can get a quick overview of the site by watching this short video: Website Video Tour. 6 billion, according to a new report from AM Best. This blog outlines how excess & surplus insurance works and how businesses could fill complex coverage gaps Become a Surplus Lines Insurance Broker through our Surplus Lines training. Moreover, state insurance departments may suspend, revoke, or non-renew the license of a surplus lines broker or producer for various reasons, such as: Failure to collect or remit required surplus lines premium tax; Apr 23, 2025 · We are happy to provide the 2025 update to the Troutman Pepper Locke LLP Excess and Surplus Lines Law Manual. AM Best’s survey results indicated the largest distributors of surplus lines products continue to be wholesale agents and brokers without binding authority. Oct 13, 2024 · How to Buy Surplus Lines Insurance Insurance agents sell surplus lines coverage across the United States. Aug 14, 2020 · Surplus Line Association of Washington The Surplus Line Association of Washington is a not-for-profit corporation created to promote a stable Non-Admitted insurance market in the State of Washington to offer viable options to the insurance buying public, to encourage and facilitate compliance by its members with the laws of the State of Washington and the United States of America relative to Apr 11, 2024 · White list states permit admitted insurance companies to use non-admitted insurers for specialized coverage, known as surplus lines insurance. Created by the Legislature in 1987, the Surplus Lines Stamping Office of Texas (SLTX) is a non-profit unincorporated organization that functions to ensure the integrity of the excess and surplus lines insurance market. Premium growth was driven by property insurance lines, accelerating Jan 11, 2017 · Surplus Lines Automation Suite (New Surplus Lines Tax Filing System) Surplus Lines Information Portal SLIP Resource Center Market Segment Outlook: US Excess and Surplus Lines Insurance AM Best is revising the outlook for the excess and surplus (E&S) lines insurance segment to Positive from Stable owing to the What is excess and surplus lines insurance? The E&S insurance sector offers commercial policies that cater to unique, complex or difficult risks that cannot be easily insured in the standard insurance market. This article will discuss a few of the forms used in surplus lines and their purpose. Feb 3, 2025 · A surplus lines broker is a licensed professional who helps individuals and businesses find specialty insurance coverage that can't be found through traditional insurance companies. Surplus Lines Premiums Grand Total % of Total $62,422,765,315 74. , 15 surplus lines stamping and service offices, including the first one opened in California in 1937, handle over 60% of the nation’s surplus lines insurance. Special thanks to Rob Bartels, ELANY Legal Counsel, and Ashley Chan, ELANY's WSIA intern 1 day ago · Document information Uploaded on September 22, 2025 Number of pages 13 Written in 2025/2026 Type Exam (elaborations) Contains Questions & answers Subjects fl surplus lines study guide exam with correct ans The “non-admitted” or “surplus lines” and “excess lines” insurance company is regulated much differently than their admitted counterparts. Click to Created by the Legislature in 1987, the Surplus Lines Stamping Office of Texas (SLTX) is a non-profit unincorporated organization that functions to ensure the integrity of the excess and surplus lines insurance market. As surplus lines insurers, in accordance with local state insurance laws. Mar 21, 2025 · Learn how to advance your insurance career with our guide on the requirements and steps to obtain a surplus lines insurance license. 7 billion, with 5. 6% The Working Group provides oversight to the IID and reports to the Surplus Lines (C) Task Force (Task Force), which functions under the NAIC Property and Casualty Insurance (C) Committee. 1 day ago · Exam (elaborations) Surplus Lines Study Guide exam with correct answers 0 view 0 purchase Course NC surplus lines. Excess and surplus lines insurance is crucial for businesses and individuals requiring specialized policies tailored to their specific needs. Get expert advice on finding the right policy for high-risk or unique situations. We recently hosted a day of learning for Hope Ignites scholars in their Insurance Federation of New York (IFNY) internships. Whenever a US risk is involved in a multi-territory placement via Lloyd’s it will most likely need to be written as a Surplus Lines placement for the US exposure For risk location the home state of the US exposure must be identified. About Us | News | Filing Information | Brokerage Firms | Carriers | SLIP | Laws & Regulations Education | Manual Home> Brokers. Sep 8, 2025 · Whatever line of business, the surplus lines industry continues to play a critical and more prominent role in the property/casualty market. Use this a guide for surplus lines discloser to insureds. Online Complaint Information is now available as part of the standard company information for selected companies in the alphabetical lists and the searches. Simplified Tax Payment. Whenever agents, brokers, companies, or policyholders have specific questions pertaining to business practices, tax implications, or statutory interpretation, we urge the respective parties to seek the counsel of a competent attorney or tax consultant licensed in the Feb 13, 2024 · The US Surplus Lines Service and Stamping Offices have disclosed in their 2023 annual report that surplus lines premium reached $72. US Surplus Lines Offices Peer Offices There are 15 stamping or service offices in operation across the U. Aug 15, 2023 · Surplus lines insurance policies offer coverage for risks that regular insurance companies don’t want to take on. Itemized fee and tax amounts can be copied and Surplus Line Association of California website. Last update: 03/17/2025 Updates to the information will be noted with a “*” next to the state name and edits will be italicized and bolded. Drivers of Growth The surge in surplus lines premiums can be attributed to several key factors. That’s why we’ve created this quick guide to understanding surplus lines forms. May 6, 2025 · Check the statutory minimum capital and surplus requirements for each state and line of business. Excess and Surplus Lines Laws in the United States is a publication of LOCKE LORD LLP and should not be construed as legal advice or legal opinion on any specific facts or circumstances. territories during the past year. May 21, 2025 · Surplus lines brokers and producers must be licensed to sell surplus lines insurance. 4% growth in 2023 was Sep 19, 2024 · Total US surplus lines direct premiums written (DPW) exceeded $100 billion for the first time in 2023, reaching a record $115. Surplus lines often require specialized underwriting that standard insurers are unwilling or unable to cover. Mar 13, 2025 · Learn how surplus lines insurance provides coverage for unique risks, the role of brokers, regulatory requirements, and key compliance considerations. Lloyd’s Underwriters are approved Surplus Lines (SL) insurers in all US states and territories. 2% to reach a record $98. Mar 17, 2025 · States listed on the Domestic Surplus Lines Insurers (DSLI) chart have enacted statutes or regulations that allow for DSLI carriers in their state. Sep 13, 2024 · The U. The dedicated professionals who are members of Apr 29, 2025 · Premiums generated by nonadmitted insurers in the US surplus lines market continue to rise, according to a new Best's Special Report by AM Best, highlighting opportunities emerging from ongoing property-casualty sector pressures. The latest Best’s Special Report reveals that surplus lines insurers, […] May 8, 2025 · The U. And keeping track of them can get confusing. Please enable cookies in your Mar 21, 2025 · To apply for a surplus lines license, you already must have another license in good standing: If you live in Texas, you must have either a general lines agent, property and casualty agent, or managing general agent license. According to the ratings agency, this marks 17. In the United States, the surplus lines fee is regulated by each state, with some states imposing a higher fee than others. Oct 9, 2024 · US surplus lines premiums surpassed $100 billion in 2023, marking record growth fueled by rising commercial lines prices, climate risk, and new partnerships. No representations are made as to this publication’s completeness or accuracy, although Locke Lord LLP has made every effort to provide you with the most up-to-date and useful information possible. 3% in 2021 to 14. The laws regulating non-admitted carriers are far less stringent than those of admitted companies and are usually overseen by non-profit surplus lines associations within each state. Institution NC Surplus Lines. These organizations, which exist in 15 states, help oversee transactions in order to prevent ineligible insurers from transacting business in a given state’s surplus lines market. Residents must hold or be applying for a property and casualty insurance producer license. Surplus Lines Producer Licenses In order to operate in a state, property/casualty (P/C) insurance companies are generally categorized in one of two ways. 1% increase from the previous year. 5% in 2023. summary of US surplus lines insurance requirements is set out in the appendix to this bulletin. Learn its definition, how it works, advantages, and disadvantages in this comprehensive guide. Copies of applications and other pertinent Feb 6, 2025 · The US Surplus Lines Service and Stamping Offices revealed that surplus lines premium reached more than $81bn, with premium-bearing items nearing seven million in 2024, according to their annual report. State insurance departments oversee surplus lines through wholesale brokers, with specific rules governing placement and documentation. This marks a decrease from the previous year’s 20. The Company Licensing and Registration Office is responsible for registering surplus lines insurers. territories during the past year, including direct procurement laws, frequently asked questions, and Sep 18, 2024 · The Best’s Market Segment Report, titled, “Improved Underwriting and Operating Results Sustain US Surplus Lines Market Momentum,” states the surplus lines market has enjoyed a surge resulting in yearly double-digit DPW growth since 2018, with abundant submission flow from distribution partners fueling growth. 4% growth from 2022 and is the sixth consecutive year of double-digit direct premium growth for the surplus market. 51 billion from $62. Nearly all of the top writers of US excess and surplus insurance recorded higher premiums year over year even as many also lost ground in market share. This directory also Understanding surplus lines tax can be overwhelming. , flood, excess flood, mold, sinkhole, wind, etc. Stamping Offices & Surplus Lines Associations Stamping Offices and Stamping Office Annual Statistical Reports Stamping offices are non-governmental offices that play a vital role in the surplus lines industry. g. In addition to increased premium Jul 31, 2014 · According to industry experts, there are a number of differences that differentiate standard lines versus excess and surplus lines. There are plenty of forms to navigate in the surplus lines industry. Jan 21, 2025 · A surplus line of insurance can ensure that people and businesses can be covered for unique or high-risk events. Date Posted:November 28, 2022 Number of Pages:1 US surplus lines companies reported vastly improved underwriting and operating results, as well as the largest year-over-year premium growth since 2003 1 day ago · Document information Uploaded on September 22, 2025 Number of pages 29 Written in 2025/2026 Type Exam (elaborations) Contains Questions & answers Subjects surplus lines insurance exam with correct answers Jun 11, 2025 · Surplus lines insurance provides coverage for risks that standard insurers choose not to underwrite due to their complexity, size, or unusual nature. Pass the Surplus Lines exam. The Specializing in excess and surplus lines insurance coverage for commercial risks with moderate to high degrees of hazard in both traditional & emerging markets. Its policyholders are protected, at least to some extent, by the state’s guaranty fund. Verify the license details of US surplus lines brokers at the state databases of licensed intermediaries. If you are a non-resident, we may issue a license based on reciprocity if you are currently licensed in your home state for Surplus Lines. You can contact an insurance agent directly or call a surplus lines provider. They have been created in collaboration with and support of the members of the state and national trade organizations and stamping es representing the surplus insurance industry listed you have any questions like to discuss these materials more detail, please contact Jan 19, 2025 · Learn about surplus lines tax laws and compliance, including tax rates, exemptions, and filing requirements for non-admitted insurers and agents. Provides seamless online submission to our cloud-based portal in batches or via API. This rise in premiums highlights significant opportunities spurred by ongoing challenges in the property and casualty (P&C) sector. Apr 12, 2023 · Surplus lines insurance is a good option if you’ve struggled to find home insurance due to your home’s risk of damage. Surplus Lines Laws and Regulations of the 50 States and U. States that have not enacted statutes or regulations allowing DSLI carriers are not included on the chart. Jul 12, 2023 · Discover the ins and outs of Surplus Lines Insurance. 6bn in direct written premium, according to AM Best’s annual surplus lines report. Jun 27, 2024 · Surplus lines insurance serves as a vital component within the broader landscape of the insurance industry, specifically designed to address unique risks that standard insurance cannot adequately cover. Apr 29, 2025 · Increasing movement of homeowners insurance risk to the U. According to S&P Global Market Intelligence (S&P GMI), the market has experienced a deceleration in growth from the extraordinary peak of 32. This growth highlights the sector’s expanding role in addressing complex risks, according to a report from the Wholesale & Specialty Insurance Association (WSIA). Learn state, federal, and global regulations, best practices, risk strategies, and tech solutions for brokers. They The Florida Surplus Lines Disclosure form is a downloadable document with all language required by Florida law to export insurance to the surplus lines market. Find out how it works & get quotes today. When a business or individual could not find coverage through traditional carriers, surplus lines insurers offer an alternative solution. Learn about surplus lines policies and how they provide coverage for high-risk situations. S. May 19, 2025 · The consistent expansion of the surplus lines sector, despite challenges, signifies a broadening scope that now includes significant contributions from personal lines coverage, specifically homeowners insurance. Jul 16, 2025 · Residents must pass the NC Surplus Lines Exam. Intellectual Property Law Property Law Tort Law Contact Us Account Register Sign In OPTins is your electronic filing solution, facilitating premium tax, surplus lines tax, assessments, and other state-specific tax filings. This edition reflects all of the pertinent changes in the surplus lines laws and regulations of the 50 states and U. In many cases, however, homeowners may not even know they’re getting surplus lines coverage until receiving a notification from their insurer. 2% from 2020 to 2027. Aug 1, 2025 · Created by statute in 1985, the Association is a self-funded body that acts as a liaison between the Department of Insurance and surplus line producers, facilitating and encouraging compliance, accepting filings from surplus line producers, reporting data to the DOI, and providing education and other services to its members and the marketplace. However, the 17. It can be purchased by both individuals and businesses, providing coverage for various non-standard risks. The Florida Surplus Lines Service Office does not provide legal or tax advice. About Wholesale, Specialty and Surplus Lines Insurance What is Surplus Lines Often called the “safety valve” of the insurance industry, surplus lines insurers fill the need for coverage in the marketplace by insuring those risks that are declined by the standard underwriting and pricing processes of admitted insurance carriers. US Surplus Lines Offices Across the U. bufvy dwvuriqk eazpvr qswlmw dign djbsoc aueqv eqap zuig yksyf