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  • Surplus Line And/or Special Lines' Surplus Line Certification

Get Surplus Line And/or Special Lines' Surplus Line Certification

Nging the status of your Surplus Line (SL) and/or Special Lines Surplus Line Broker (SP) license(s), the following certification is required to complete your application or for making a change in the status of your SL/SP license: , hereby certify under penalty of perjury that I have read, understand and will I comply with Insurance Code Sections 1765-1765.3 and Sections 1662 and 1663 pertaining to surplus line and/or special lines surplus line brokers. An applicant for a surplus line and/o.

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How to fill out the Surplus Line And/or Special Lines' Surplus Line Certification online

Filling out the Surplus Line And/or Special Lines' Surplus Line Certification is a crucial step in obtaining or changing the status of your surplus line broker license in California. This guide provides clear, step-by-step instructions to help you successfully complete the form online.

Follow the steps to fill out the Surplus Line Certification correctly.

  1. Click ‘Get Form’ button to obtain the certification form and open it in the online editor.
  2. Begin by entering your full name in the certification section, certifying that you understand and will comply with the applicable insurance codes.
  3. Indicate your understanding of the bond requirements, specifying whether you will file a bond of $50,000 and/or $10,000. Ensure you check the relevant boxes.
  4. List all insurers that are not admitted to California with whom you have arrangements to accept surplus line business. Ensure that each entry is clear and accurate.
  5. If you will be transacting on behalf of a licensed business entity, mark the appropriate option and enter the name and license number of that entity.
  6. Sign and date the certification at the bottom of the form, ensuring that your printed name and license number, if applicable, are clearly written.
  7. Before submitting, review all entries for accuracy, then save your changes. You can download the completed form, print it, or share it as needed.

Complete your Surplus Line and/or Special Lines Certification online today!

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Surplus lines is often called the “safety valve” of the insurance industry, because it fills the need for coverage in the marketplace by insuring those risks declined by the standard underwriting and pricing processes of admitted insurance carriers.

Excess and surplus lines (E&S) insurance is a market that protects high-risk businesses that standard insurers won't cover. This market is also known as surplus lines or non-admitted insurance.

As defined in California Insurance Code Section 1760.1 (n), a surplus line insurer is an insurer not licensed or admitted in California. Such a carrier is licensed in another state or jurisdiction, just not in the insured's home state.

In order for a nonadmitted foreign insurer to qualify as an eligible excess line insurer in New York, the insurer must maintain at a minimum, surplus to policyholders of $48,000,000 and be licensed by its state of domicile to write the lines of business it seeks to write on a surplus lines basis in New York.

As defined in California Insurance Code Section 1760.1 (n), a surplus line insurer is an insurer not licensed or admitted in California. Such a carrier is licensed in another state or jurisdiction, just not in the insured's home state.

What Is a Policyholder Surplus? A policyholder surplus is the assets of a policyholder-owned insurance company (also called a mutual insurance company) minus its liabilities. Policyholder surplus is one indicator of an insurance company's financial health.

Share. The term "surplus distribution" is synonymous with the term "life insurance dividend". It denotes the distribution of surplus money earned by a mutual life insurance company to its whole life insurance policyholders.

Surplus lines tax: 3.6%, payable by broker to the state, plus 0.15% stamping fee payable to ELANY (reduced from 0.17% effective 1/1/2023) (Additional fee of $25 applies for late/erroneous filing).

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Privacy Notice
Legal Hub
Content Takedown Policy
Bug Bounty Program
About Us
Help Portal
Legal Resources
Blog
Affiliates
Contact Us
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate WorkFlow
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232