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.
Surplus means there will be excess supply, meaning demand will fall, and so will prices
True
Being more than or in excess of what is needed or required. In accounting a non-profit organisation does not make a profit; any excess income over expenditure is called a Surplus instead.
(in Marxist theory) the excess of value produced by the labor of workers over the wages they are paid.
Shortage of supply, or Excess/surplus of demand
Descriptions of opulence, extravagance, luxury, and surplus can evoke the feeling of excess and abundance in lines. Words like lavish, overflowing, bountiful, and extravagant also help convey a sense of surplus.
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
The opposite of surplus (excess) is Deficit or Shortage.
Surplus
Surplus are basically excess products which may of course lead to trade. After all, these excess products may lead to excess profit as well
Surplus mean excess in business. A business can have a surplus of product in its inventory, which isn't good for revenues.
Superabundant, overstock, plethora, oversupply (when surplus is a noun) Excess, superfluent, leftover (when surplus is an adjective)
Burns & Wilcox is an independent insurance broker. They specialize in excess and surplus lines of insurance. They also offer car and homeowners insurance.
surplus
surplus and cache
surplus
Surplus means there will be excess supply, meaning demand will fall, and so will prices