Surplus Lines Flashcards
1
Q
insurance transacted through unauthorized insurers permitted to sell insurance in this state
A
surplus lines
2
Q
allowed only after a diligent search for an authorized carrier
A
surplus lines
3
Q
coverage written through a state licensed surplus lines broker
A
surplus lines
4
Q
most states have compulsory laws requiring all employers to provide what?
A
worker’s compensation coverage
5
Q
workers compensation is based on what?
A
no fault laws
6
Q
this allows individuals to purchase property or liability insurance that cannot be purchased through the standard markets
A
FAIR Plan (Fair Access to Insurance Requirements)
