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Surplus Lines Disclosure and Acknowledgement at My  Form

Surplus Lines Disclosure and Acknowledgement at My Form

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Instructions and help about Surplus Lines Disclosure And Acknowledgement At My

hey everybody i'm rob freeman and welcome back to ensuring the built environment this week we're answering the question what is surplus lines insurance well surplus lines insurance is a specialty type of insurance market that is not required to follow the state insurance regulator guidelines for things like pricing and the types of insurance risks that they can underwrite so because surplus lines insurance carriers are not required to follow the state insurance guidelines they have greater flexibility in the ability to write specialty risks risks that don't have a lot of actuarial history and they're also able to be more flexible in the pricing that they provide and the way they charge for that coverage so it's important to recognize that surplus lines insurance can also be known as non-admitted or excess lines insurance now when some people hear the term non-admitted they think well maybe it's not a good thing not admitted it doesn't sound very good but it's actually just fine and we

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