2024 Licensing & Surplus Lines Laws

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, goes over 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.

Details Section:

• 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

New in the 2024 Edition:

• Access to Online Updates page where we post updates received after the book has gone to print
• Range of statutes and administrative provisions that govern nonadmitted insurance in each state
• Improved citations

Key Topics

• 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