What is “Surplus Lines” and when can I buy insurance from a surplus lines company?
A. When licensed insurers are unwilling or unable to provide needed coverage, you may secure coverage with an approved surplus line insurer through a licensed surplus line broker. Individuals or corporations may secure insurance coverage directly from a non-admitted insurer. This coverage is considered “self-procured.” Your agent can help you if surplus lines coverage is required. Surplus lines insurance is regulated by Rule 24.
