the surplus lines insurer must have a license in the state where it is based, and the brokers who sell surplus lines insurance must be licensed in their own state.
9 RegisterLog in Sign up with one click: Facebook Twitter Google Share on Facebook Also found in:Dictionary,Thesaurus,Financial,Encyclopedia,Wikipedia. Related to Surplus:Surplus funds SURPLUS. That which is left from a fund which has been appropriated for a particular purpose; the remainder of...
When J.D. Power released its 2022 U.S. Auto Insurance Study on June 13, it announced the highest customer satisfaction award for Texas Farm Bureau Insurance Companies, which placed the highest over all other Texas auto insurers. This marked the 11th consecutive year... ...
The excess and surplus lines market continued to grow in 2023, with premium reaching nearly $73 billion according to data from 15 state surplus lines office release by the Wholesale & Specialty Insurance Association (WSIA). 2023 premiums reflected a 14.6% increase over the record-breaking numbers...
Specializing in excess and surplus lines insurance coverage for commercial risks that involve moderate to high degrees of hazard.