Definitions for "Surplus Lines"
Insurance coverage not available from an admitted company in the regular market; thus a surplus lines broker/agent representing an applicant seeks coverage in the surplus lines market from a nonadmitted insurer according to the insurance regulations of a particular state.
Specialized property or liability coverage provided by a NONADMITEED INSURER in instances where it is unavailable from insurers license by the state.
Coverage obtained in an unlicensed insurance company because of its unavailability in the licensed market.
Keywords:  excess, market, lines, see
see Excess & surplus lines market.