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 ?
Does being a non-admitted carrier or excess and surplus lines carrier change the application of the valued policy law?
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.
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.
That's another reason why more carriers may be pouring into the program administration space, according to Marsh Creeks Kronenberg, who mentioned AIG's surplus lines carrier Lexington and the still-intact Zurich as traditionally larger players in this space.
BH) today announced that its US excess and surplus lines carrier, Alterra Excess & Surplus Insurance Company ("Alterra E&S"), has executed a renewal rights and asset purchase agreement with Selective Insurance Company of America ("Selective"), a member of the Selective Insurance Group, Inc.
Before turning to a surplus lines carrier, states typically require insureds or their brokers to demonstrate good faith efforts to place the risks in the traditional admitted market.
So soft have prices gone, that the London-based excess and surplus lines carrier and reinsurer Lloyd's, despite a tradition of covering European risks, is more interested in underwriting risks in other parts of the world, at least for the time being.
Panelists will include a surplus lines carrier and program administrators who have developed successful programs: