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Surplus Lines Insurance is insurance that is not written through the admitted market. The insurance companies that are approved to write Surplus Lines business are not considered "admitted" or "licensed" by the states. The insured is not covered by the state Guarantee fund which means that if a surplus lines insurer becomes insolvent; the insured has no recourse in the event of a claim.
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Get a quote for professional indemnity Insurance?
Yes, you can contact an insurer of your choice offering professional lines coverage to obtain a professional liability insurance quote.
What insurance company carries liability insurance for caterers?
Almost any Insurer that provides commercial lines coverage will have a program for caterers. Just call your insurance agent, check the yellow pages or search on line.
What is the definition of solvent association?
It means an association is in good financial standing with dues paid by members being more than the maintenance, insurance, and other budgeted items, thus having a surplus of funds.
What is Builders risk insurance?
Builders Risk Insurance is a commercial Lines Policy Form Obtained by Contractors and Home Builders to cover their Construction related Risks.
Can you sell insurance with out a license?
No, you cannot sell insurance without a license issued by the state in which you are transacting business. Each state's regulations and requirements vary, so you will need to check with your state department of insurance for the requirements. Some states have reciprocity, but it is generally dependent upon the lack of any disciplinary action in any state in which a license is held. Likewise, you must be licensed for one or more "lines" of insurance--property & casualty, life & health, or some combination of lines.
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 has very stringent filing and reporting requirements in many states including requiring zero reporting by the surplus lines broker.
What has the author Cozen O'Connor written?
Cozen O'Connor has written: 'Annotations to surplus lines statutes' -- subject(s): States, Law and legislation, Annotations and citations (Law), Excess and surplus lines insurance
What does the company Burns and Wilcox specialize in?
Burns & Wilcox is an independent insurance broker. They specialize in excess and surplus lines of insurance. They also offer car and homeowners insurance.
Where can you get tattoo artist insurance?
Specialty types of insurance such as this are best found through a broker. A broker, as distinct from an agent, usually has access to many markets for insurance, and work on behalf of the buyer of insurance. In contrast, historically, an agent works on behalf of one or a couple of insurers and therefore has access to a smaller variety of coverage. You may have to go to a "surplus lines" company for this kind of coverage. This is an insurer that sometimes writes "odd" sorts of risks that are not insurable through the customary insurance market. You will need to consult a surplus lines broker to deal with a surplus lines insurer. You must be very careful to make sure that whatever insurer you do use is legitimate. There have been many scams over the years where con artists have set up "fronts" that look like insurers, but which have no financial substance and have no intention of paying claims. Check with the insurance department of your state to ensure that the company is authorized to transact insurance in the state. If you go through a surplus lines company, there may be a separate entity called a Surplus Lines Service (or Stamping) Office. Surplus lines companies are regulated differently than domestic insurers, however, the regulation that is afforded provides a measure of security.
Where do you find homeowners insurance if you rescue dogs at your residence?
You need a surplus lines broker for that. Most insurance companies don't want that kind of risk. Be prepared to pay for it too. Good luck.
If you have an ternational driver's permit can you get auto insurance in the US?
Most likely yes, although it may be through a surplus lines company an very expensive.
A nonadmitted insure who provides insurance coverages that are not available from an admitted insure is called?
A non admitted insurer is somettimes referred to as a surplus lines carrier.
Where can you find insurance and bonding for a custodial company in Colorado?
Try finding an Agent with access to Lloyd's of London, They are an International Surplus Lines Insurance market that can provide coverage for risks not normally covered by domestic markets.
What company should you go through for homeowners insurance with bad credit?
That really depends on what state your in and what companies in your state will offer a non-credit scored Home Insurance Policy. You may have to find a Surplus Lines Insurer in your state to find coverage as most standard Home Insurers will require an acceptable credit score to qualify for their programs. I know "Van Wagoner Insurance Companies" a surplus lines insurer offers Non-Credit Scored home insurance Policies in Texas, Oklahoma and Arkansas and possibly some other States.
Does state of Tennessee require countersignature on insurance policies?
According to the 2011 "Licensing & Surplus Lines Laws" guidebook (written by David D. Thamann, JD, CPCU, ARM) Tennessee does not have an insurance countersignature requirement (see page 455).
What is a multiple lines insurance agent?
A multi line insurance agent is an agent who not only can provide insurance for you in a certain field, but multiple fields. For example: if you have an insurance license for Life & Health in a certain state but not Property & Casualty, you will only be able to write business for Life & Health in that state. If you have all lines of authority, you can legally write business under any line such as Property & Casualty, Life & Health, and Surplus Lines. Agents must hold the same lines of authority in her or her resident state that they are applying for in any other (non-resident) state.
What company should you go through for homeowner's insurance with bad credit in Wisconsin?
You will likely wan to find a non credit scoring company such as those offering surplus lines insurance in your state. Most of them are "A" rated carriers and offer excellent coverage products for your home
