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lakemen
Site Admin
Joined: 18 May 2005
Posts: 1084
lakemen's Home Page
311.52 Dollars($)
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 Posted: Sat Jul 08, 2006 11:28 am Post subject: Surplus Lines
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Surplus Lines
Property/casualty insurance coverage that isn't available from insurers licensed in the state, called admitted companies, and must be purchased from a non-admitted carrier. Examples include risks of an unusual nature that require greater flexibility in policy terms and conditions than exist in standard forms or where the highest rates allowed by state regulators are considered inadequate by admitted companies. Laws governing surplus lines vary by state. |
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