Surplus Lines

Question 1

Nonadmitted Insurance

Answer 1

any property and casualty permitted to be placed directly or through a surplus lines broker with a nonadmitted insurer eligible to accept such insurance.

Question 2

Excess

Answer 2

Other name for surplus lines

Question 3

General requirements

Answer 3

-After effort, cannot be written through an authorized carrier
-Must not be to obtain a better price or better terms
-Must be written through a state-licensed excess

Question 4

Florida Surplus Lines Service Office

Answer 4

Self-regulating organization for better access to consumers

Question 5

Eligibility for Export

Answer 5

Must meet 5 requirements (look up eligibility for export requirements

Question 6

Health

Answer 6

General lines can sell property, casualty, surety, and health insurance.

Question 7

Uniform Individual accident and sickness policy provisions law

Answer 7

Notice of claims - 20 days
proof of loss - 90 days
Legal actions - 60 days
Cancellation - first 90 days
Insuring clause - 1st page