I am looking at the Delaware listing of Eligible Surplus Lines Insurers, but the company I’m looking for is not on the list. What are my options?
Your only option is to place the risk with another carrier. Delaware law, §1907 (a), specifically states, “A broker shall not knowingly place surplus line insurance with an insurer that is unsound financially or that is ineligible under this section” [emphasis added]. The Department publishes a list of insurers deemed eligible to place surplus lines coverage, and all SL brokers are permitted to place business with listed eligible insurers only. Back To Top 41. I need to submit a filing on a policy that was placed with a carrier that is not on Delaware’s Eligible Surplus Line Insurers List – it is actually on the list of “Ineligible” Insurers. How should I handle this? The companies on the “Ineligible” Insurers list are Delaware domestic companies, meaning that they are incorporated in the state of Delaware. When a company is domiciled in DE, it is admitted in DE. Delaware domestic SL insurers can not write business covering Delaware risks on a surplus lines basis. Surplus Lines Brokers
Related Questions
- I am looking at the Delaware listing of Eligible Surplus Lines Insurers, but the company I’m looking for is not on the list. What are my options?
- Does California publish a list of eligible surplus line insurers? If so, how does one obtain a copy of the list?
- Where can I obtain a list of eligible surplus lines companies?
