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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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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
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
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 workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
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