Publisher's Synopsis
Find licensing and surplus lines laws for your specific state(s)! Licensing & Surplus Lines Laws reviews the latest licensing and surplus lines laws for the fifty states, the District of Columbia, and the U.S territories and possessions, all in one easy-to-navigate resource.
The book is divided into two main sections: 1) Licensing and 2) Surplus Lines Laws. Information in those sections is then broken down on a state-by-state basis with statutory and regulatory information for each, providing insurance professionals with the information they need to know to successfully operate within the legal boundaries of each state and territory.
Licensing & Surplus Lines Laws also comes with an online version! This supplementary, online resource is updated throughout the year to reflect the most current and accurate information. Online charts are included to provide additional, consolidated information on insurance fraud statutes and regulations, as well as serve as a handy reference guide to surplus lines laws, taxes, and requirements. This book is a picture of this information at a point in time, but the online charts and information make this resource even more useful and valuable.
Highlights of the 2021 Edition:
The 2021 edition provides the most up-to-date information on these topics and takes a deep dive into reciprocal and retaliatory laws; reinsurance intermediaries; viatical settlement brokers and providers; pre-licensing education and examination requirements; and more!
Topics Covered:
Licensing topics
- Licensing requirements for resident and nonresident producers, adjusters, and others
- CE requirements and rules for risk retention groups
- Policy countersignature requirements for the few states where countersignature laws are still on the books
- Commissions, fees, and commingling of funds - rules for the collection of fees and disclosure requirements, as well as prohibition on commingling premiums with agency operating funds
Surplus Lines Laws topics
- Licensing regulations for non-admitted surplus lines insurers for residents and nonresidents
- Taxes and fees, including stamping fee
- Surplus Lines Associations
- Independently procured insurance, including rules and the industrial insured exemption
Licensing & Surplus Lines Laws comes to you from National Underwriter experts and the editors of FC&S Expert Coverage Interpretation, which is committed to keeping you up-to-date on the latest insurance coverage interpretations and analyses. It is the authoritative reference tool for agents and underwriters who need to know how a policy may be legally terminated by an insurer.
