surplus lines carrier

surplus lines carrier

A malpractice carrier that insures physicians at premium rates much higher than those charged by “standard-lines” carriers, and who routinely impose large deductibles.
References in periodicals archive ?
AmeriTrust is comprised of four distinct distribution segments of the specialty insurance marketplace: admitted carrier operations, excess & surplus lines carrier operations, wholesale MGU/MGA and third-party administration operations, and retail insurance agency operations.
AmeriTrust is comprised of four distinct distribution segments of the specialty insurance marketplace: admitted carrier operations, excess and surplus lines carrier operations, wholesale MGU/MGA and third-party administration operations, and retail insurance agency operations.
direct with an admitted carrier, or an Excess Surplus lines carrier, or perhaps through another broker or MGA?
NGIC was incorporated on April 29, 1989, is licensed in Florida and operates as a surplus lines carrier in several other states.
In 2011, there have been some encouraging bright spots in the area of infrastructure construction, said Thomas Grandmaison, a senior vice president with Boston-based Lexington Insurance Co., the leading U.S.-based surplus lines carrier. But residential building remains stagnant, with housing having yet to return to its peak in 2007.
It is comprised of four distribution segments: admitted carrier operations, excess and surplus lines carrier operations, wholesale managing general underwriter/agency and third-party administration operations, and retail insurance agency operations.
In a related matter, Ascot disclosed it has completed the acquisition of Greyhawk Insurance Company, a Colorado domiciled admitted carrier, and its wholly owned subsidiary Greyhawk Specialty Insurance Company, a Rhode Island domiciled surplus lines carrier. Both companies will be renamed as part of the new Ascot Insurance U.S.
* Check the rating if you find a surplus lines carrier willing to accept the risk, and convey it to the insured before you bind the coverage.
Barriers to surplus lines carrier eligibility have come down, though not quite as dramatically or thoroughly as the Berlin Wall.
In State of Florida, Department of Insurance National Amusement Purchasing Group the courts again considered whether a state can require that an insurer providing coverage for a purchasing group be either licensed in the state or admitted as a surplus lines carrier.
The nation's second-largest market for flood insurance may soon join more than a dozen other states in waiving requirements that insureds first search the admitted market before placing a private flood insurance policy with a surplus lines carrier.
In a related matter, Ascot disclosed it has completed the acquisition of Greyhawk Insurance Company, a Colorado-domiciled admitted carrier, and its wholly owned subsidiary Greyhawk Specialty Insurance Company, a Rhode Island-domiciled surplus lines carrier. Both companies will be renamed as part of the new Ascot Insurance U.S.