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How does a surplus line insurer become eligible to accept placements from California surplus line brokers?

April 26, 2017brokers California eligible insurer line placements surplus

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How does a surplus line insurer become eligible to accept placements from California surplus line brokers?

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A. A surplus line insurer must fully comply with the requirements of CIC Section 1765.1. Included among the minimum standards are the following: (1) $15 million in capital and surplus, (2) have actively transacted insurance for the 3 years immediately preceding the filing, (3) maintain $5.4 million in a U.S.