eBook - ePub

2026 Licensing & Surplus Lines Laws

Name: 2026 Licensing & Surplus Lines Laws
ISBN: 9781588528858

Kelly S Helton,

English
ePUB (mobile friendly)
Available on iOS & Android

eBook - ePub

2026 Licensing & Surplus Lines Laws

Kelly S Helton,

About this book

Licensing & Surplus Lines Laws presents license fees and education requirements in a single source. State lists outline licensing requirements that apply to all individuals. Rules for each state are outlined regarding commissions, fees, disclosures, and commingling of funds.

The first part of this book, Licensing, gives details concerning who must have a license connected to selling insurance, how those individuals go about getting a license, and what must be done to keep the license. It also provides licensing parameters for adjusters, brokers, third-party administrators, and others.

The second part, Surplus Lines, covers what types of insurance may be placed with a surplus lines insurer, how surplus lines policies are taxed, and how the different states have incorporated provisions of the NRRA.

Book Summary:

Initial and renewal license fees for various license types within each state
Prelicensing education and examination requirements, including applicable exemptions, within each state
List of continuing education requirements, including available exemptions, within each state
Diligent effort requirements regarding surplus lines placement
Surplus lines tax rates for each state
Report and record-keeping requirements for surplus lines agents
How an insurer is required to handle the potential cancellation or nonrenewal of a policy upon the cancellation or revocation of a producer's appointment with that insurer
Whether a state has an "export list" of LOBs that may be placed with a nonadmitted insurer without performing a diligent search (where applicable)
Includes access to the online "Updates Page" where we post updates that were made after publication of this book

Key Topics include:

Initial and Renewal License Fees
Licensing examination
Continuing education for different types of licenses
Diligent effort requirement before the placement of a surplus lines policy
Reporting and record-keeping requirements for surplus lines producers

Significant licensing changes have been made in the following states:

Alabama
Connecticut
Louisiana
Michigan
New Mexico
North Carolina
North Dakota
Pennsylvania
Vermont
Virgin Islands
Washington

Significant surplus lines changes have been made in the following states:

Alabama
Colorado
Connecticut
Iowa
Montana
New York
Ohio
Oklahoma
Washington
Wyoming

Licensing & Surplus Lines Laws is brought to you by the editors of FC&S Expert Coverage Interpretation, dedicated to providing you with the most current insurance coverage interpretations and analyses since 1929.

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Yes, you can access 2026 Licensing & Surplus Lines Laws by Kelly S Helton in PDF and/or ePUB format, as well as other popular books in Business & Insurance. We have over one million books available in our catalogue for you to explore.