Sentences with phrase «surplus lines»
The phrase "surplus lines" refers to insurance policies that are not available from regular insurance companies. These policies are offered by special insurance companies and cover unconventional or high-risk situations. In simple terms, it means insurance coverage outside of the usual options. Full definition
Some may have to move to a higher risk or surplus lines insurance company that specializes in high risk.
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For years, cannabis companies either went without insurance or had policies with surplus line insurers, which are unregulated, expensive, and not backed by the state.
Using surplus lines carriers allows them to be flexible regarding property valuations and reporting forms but this flexibility comes at a price.
These are available from surplus lines insurers, which provide coverage not available through standard carriers.
Insurance Services provided by: CA surplus lines broker Lic.
Greenway Insurance represents AAA Insurance Company, American Modern Insurance Group, Auto - Owners, CNA, Dairyland, Foremost Insurance Group, Infinity, Mercury Insurance Group, Progressive, Safeco Insurance, The Hartford, Travelers, Utica National Insurance Group, Zurich, and a host of surplus line markets for the most unusual risks.
Effective Coverage does not charge you any fees for placing your policy, except, when quoted, a fee for the filing of surplus lines taxes, if required.
The FIO works with states to streamline regulation of surplus lines insurance and reinsurance.
Persons insured by surplus lines companies are not eligible for recourse through any state guarantee fund for the obligations of an insolvent insurer.
David has also served as general counsel to the North Carolina Surplus Lines Association since 2004.
Click to learn more about Surplus Lines Click for Working RE Magazine coverage of Home Inspector Liability Offering Real Estate Appraisers Professional Liability Errors and Omissions or E&O Insurance — Inspectors Professional Liability Errors Omissions or E&O Insurance for Real Estate Agents & Brokers Professional Liability or E&O Insurance - Mortgage Brokers and Bankers Professional Liability or E&O Insurance.
Rates include surplus lines tax where applicable.
We have many types of commercial auto insurance available from regular market carriers to high risk to excess and surplus lines companies.
In the insurance coverage arena, Mr. Varga has successfully defended clients in numerous high - exposure cases involving a wide variety of insurance lines, including commercial property; business interruption and extra expense; builders risk, contractor's equipment, motor truck cargo, and other inland marine risks; equipment breakdown coverages; excess and surplus lines risks; and homeowner's policies issued to high net worth individuals.
He has served on the faculty at ARIAS - US (a leading trade association for the insurance and reinsurance arbitration industry), the Excess & Surplus Lines Claims Association (now, IACP), Mealey's Reinsurance, ABIR (Association of Bermuda Insurers & Reinsurers), the ABA Insurance Coverage Litigation Midyear Meeting, Perrin Conferences (London 2012), the PWC / Hawksmere Reinsurance Congress (Bermuda) and other seminars.
For PIA members enrolled in The Hartford Flood Program, the following Surplus Lines flood insurance coverages are available through WNC First Insurance Services:
Call for Special Senior Citizen Rates - Call Now for Your Free Quote - Commercial Surplus Lines - Competitive Auto Rates - Fremont - Hastings - Independent Insurance Agent - Ira's Annuities - Mobile Homes - Multi Policy Discounts - Multi-Policy Discounts - Professional Insurance Service to Our Policy Holders - Very Competitive Rates
Responsible for maintaining surplus lines tax state regulations by using Oden online software
Products Business Insurance Work Comp Surplus Lines Health Insurance Life Insurance Securities Series... managed my own insurance agency, representing captive companies American Family insurance from 1997 to... to 2001; and Farmers Insurance Group 2001 - Current.
The Insurance operation writes property and casualty insurance, including medical stop loss insurance, directly and through general agents, brokers and surplus lines brokers within the U.S. and Canada.
The insurers are surplus lines carriers and are not backed by any state insurance guaranty fund if they become insolvent.
Attention: Certain Underwriters at Lloyd's of London operates as an approved surplus lines market in the United States.
CALIFORNIA MAINTAINS A LIST OF APPROVED SURPLUS LINE INSURERS.
Charges will include Surplus Lines taxes and fees when applicable.
Effective Coverage does not charge you any fees for placing your policy, except, when quoted, a fee for the filing of surplus lines taxes, if required.
The CSU Producer Resources, a non-insurance subsidiary, offers insurance brokerage services to company's independent agencies so that their clients can access its excess and surplus lines insurance products.
Willis of New York, Inc. also serves as excess and surplus lines broker for the BeYogi Insurance Plus Program.
Professional Liability and Commercial General Liability coverage under the BeYogi Insurance Plus program is underwritten in the surplus lines market by Aspen Specialty Insurance Company, which is rated A (Excellent) by A.M. Best Company.
A surplus lines policy, also known as builder's risk insurance or vacant property insurance, is a policy written specifically for property that's under construction, and for risks that are not covered by standard insurance carriers.
The Cincinnati Specialty Underwriters Insurance offers excess and surplus lines insurance products.
The company operates its business through following segments: Commercial Lines Insurance, Personal Lines Insurance, Excess and Surplus lines Insurance, Life Insurance, and Investments.
Surplus lines might be one option.
If you live in an area prone to earthquakes — such as Alaska, California and Nevada — you can purchase earthquake insurance from a surplus lines carrier as an endorsement or a separate policy.
Cincinnati Financial has two other subsidiaries: CFC Investment Company, which offers leasing and financing services, CSU Producer Resources, Inc., which is a wholly owned excess and surplus lines insurance brokerage.
Any insurance company or surplus lines broker that fails to pay the Insurance Premiums License Tax by the March 1 due date is subject to a ten percent penalty that shall be added to the amount of the unpaid tax liability.
This tax is imposed on all insurers and surplus lines brokers that are licensed in this Commonwealth by the State Corporation Commission's Bureau of Insurance.
Any surplus lines broker that fails to file their annual report, Form 802, Surplus Lines Brokers Annual Reconciliation Tax Report, (due March 1 following the close of the previous calendar year), will be subject to a late filing fine of $ 50 per day for each day's failure to submit the report.
The office's insurance regulatory and transactional lawyers have deep experience in the traditional California insurance and reinsurance markets, as well as InsurTech and surplus lines.
Assist admitted and surplus lines insurers with various coverage matters and coverage litigation arising from disputes over first - party property coverage, contingency risk coverage, third - party liability coverage, high exposure environmental and pollution coverage, and claims of bad faith.
Surplus Line - specialized property or liability coverage available via nonadmitted insurers where coverage is not available through an admitted insurer, licensed to sell that particular coverage in the state.
-- Life / Health Agents / Brokers — Property / Casualty Agents / Brokers — Retail & Wholesale Organizations — Underwriting Managers / MGAs — Insurance Consultants — Surplus Lines Brokers — Third Party Administrators / Adjusters — Reinsurance Intermediaries — Risk Management Consulting — Premium Finance Companies
Since 1997, ILSA has specialized in assisting individual insurance agents, adjusters, surplus lines and companies of all sizes with its licensing compliance.
Established in 2001, Supportive Insurance Services specializes in obtaining and maintaining licenses for agents, agencies, adjusters, surplus lines brokers and insurance companies.
Dan is licensed in all 51 jurisdictions for Property & Casualty, Accident & Health, Limited Line - Travel and Surplus Lines.
A surplus lines policy, also known as builder's risk insurance or vacant property insurance, is a policy written specifically for property that's under construction, and for risks that are not covered by standard insurance carriers.