Who’s Who in Surplus Lines?

A single surplus lines policy may pass through a lot of hands during its existence. Each individual or entity involved in the process has a specific role to play, making up the surplus lines ecosystem, contributing to the integrity and growth of the insurance industry as a whole.

Certificates of Authority & the Secretary of State

If you fail to establish approval for your entity to transact business in a specific state, your business legally doesn’t exist. If you’re not registered at the time of an event that led to a legal suit, you may just be out of luck.

Major Lines of Authority

A key decision to make before applying for a new license is what lines of authority (LOA) the license holder needs. The LOA always need to reflect the full range of insurance products that the licensee intends to sell in a particular jurisdiction.