Florida surplus lines insurance companies. Generally speaking, surplus .

Florida surplus lines insurance companies. 916 (4) is also included within the meaning of the term “premium Dec 28, 2023 · In the realm of insurance, there exist particular niches that cater to unique and high-risk markets. Surplus lines insurance policies are available in a variety of classifications for both individuals and businesses. This fee is taxable and Commercial insurance in Florida refers to all insurance policies covering businesses and business-related interests. Jun 4, 2025 · Florida's insurance surplus line law is a set of regulations that govern the state's surplus lines insurance market. Insurance Wholesaler Associate Members Entities that derive a majority of their revenues from non-retail insurance sales and none from Florida retail insurance sales. Jan 19, 2022 · Florida took a step toward opening its distressed property insurance market to more carriers Tuesday when a Senate committee approved a bill that would let Florida-based surplus lines insurers The Florida Surplus Lines Service Office does not provide legal or tax advice. Follow these links to view lists of insurers and surplus lines companies that are eligible to do business in the State of Florida. Whenever agents, brokers, companies, or policyholders have specific questions pertaining to business practices, tax implications, or statutory interpretation, we urge the respective parties to seek the counsel of a competent attorney or tax consultant licensed in the View or download a list of all approved FSLSO coverage codes and descriptions. Typically, standard companies do not write policies for unusual or high risks. Florida does have a Surplus Lines Association/Stamping Office, the Florida Surplus Lines Service Office (FSLSO) (see Other Comments section #3). There are over 2. Whenever agents, brokers, companies, or policyholders have specific questions pertaining to business practices, tax implications or statutory interpretation, we urge the respective parties to seek the counsel of a competent attorney or tax consultant licensed in the Jul 24, 2025 · WHAT IS SURPLUS LINES INSURANCE? Excess and surplus lines insurance is an alternative type of insurance coverage for consumers who cannot get coverage in the standard/admitted market. The surplus lines OFFICE OF INSURANCE REGULATION 200 East Gaines Street Tallahassee, Florida 32399 (850) 413-3140 Feb 10, 2020 · LAWS APPLICABLE TO THE SURPLUS LINES INSURANCE INDUSTRY 1. Apr 23, 2024 · Find out how you can leverage surplus lines to serve more property owners and provide more solutions. (3) This section, and this Surplus Lines Law, do not apply as to insurance coverages which are subject to s. View or download reports to stay up to date on the fiscal standings of the companies operating in Florida. A surplus lines insurer which is a member of an insurance holding company that includes a member which is a Florida domestic insurer as set forth in its holding company registration statement, as set forth in s. Find out how it works & get quotes today. The Florida Surplus Lines Service Office does not provide legal or tax advice. Generally speaking, surplus Jun 13, 2025 · FL| Florida House Bill 1549, just signed into law, makes significant changes to Florida’s financial services and insurance regulations. “Surplus lines” insurance refers to a category of insurance for which there is no market available through insurance carriers in the admitted market. Additionally, the insured or policyholder is required to sign a disclosure notice acknowledging their understanding that they are obtaining coverage through a surplus lines insurance company. These fees are considered premium for taxation purposes. Excess and surplus lines insurance, commonly referred to as E&S insurance, plays a vital role in providing coverage for risks that standard insurance companies might consider too challenging The Florida Surplus Lines Association (FSLA) is an association with a current regular membership of Excess and Surplus Lines Agency member firms and associate members (made up of excess and surplus lines insurance companies, re-insurers, Lloyd’s brokers, premium finance companies, surveyors and claim adjustment companies). Our comprehensive insurance coverages are provided by Nautilus Insurance Company or Great Divide Insurance Company and available in all 50 states. The Specialty insurance requires special expertise. Whenever agents, brokers, companies, or policyholders have specific questions pertaining to business practices, tax implications, or statutory interpretation, we urge the respective parties to seek the counsel of a competent attorney or tax consultant licensed in the Jul 25, 2025 · When would I need excess and surplus lines insurance? Although businesses buy most surplus lines insurance policies, some homeowners also find themselves in the market for this type of coverage Apr 18, 2022 · A surplus lines insurer is an unauthorized insurer made eligible by the Office of Insurance Regulation (OIR) to underwrite property and casualty insurance policies. We deliver specialized expertise to help protect what matters most. HB 1503, which went into effect July 1, allows surplus lines carriers to take out policies from the state’s Citizens Property Insurance Corp that are not primary residences or homesteaded properties May 28, 2012 · Most insurance coverage in Florida is provided by insurers “admitted” to provide coverage in the state, meaning those companies licensed to transact insurance in Florida. Mar 21, 2025 · Learn how to advance your insurance career with our guide on the requirements and steps to obtain a surplus lines insurance license. Insurance lines that will be offered by the two new companies include fire, allied lines, homeowners multi-peril, inland marine, other liability. As pioneers in paperless surplus lines filing, FSLSO has been at the forefront of innovation for over two decades. WHAT IS SURPLUS LINES INSURANCE? Excess and surplus lines insurance is an alternative type of insurance coverage for consumers who cannot get coverage in the standard/admitted market. The following are the statutes that govern the Florida surplus insurance industry. (4) Except as may be specifically stated to apply to surplus lines insurers, the provisions of chapter 627 do not apply to surplus lines insurance authorized under ss. S. 939) How an insurance company is registered with OIR and the types of premiums written by the insurer can affect which insurance premium taxes and fees the insurer will have to pay. Starr Surplus Lines Insurance Company holds an A. non-admitted insurance carriers, so that you can make an Westchester is one of the largest and most diverse excess and surplus lines commercial property and casualty insurance underwriters in the United States. Florida does not have an Export List (see Other Comments sections #6, #10, #12, and #18). May 6, 2025 · Starting July 1, Florida insurance agents will no longer need to make a “diligent effort” to find coverage for hard-to-place properties before turning to surplus lines insurance if the WHAT IS SURPLUS LINES INSURANCE? Excess and surplus lines insurance is an alternative type of insurance coverage for consumers who cannot get coverage in the standard/admitted market. The rates and forms must be approved prior to any insurance policies being offered for sale to consumers within the state. In this article, our insurance lawyers will discuss the pros and cons of admitted vs. We specialize in underwriting difficult-to-place to moderate to high-risk commercial businesses that require creative solutions, outside-of-the-box thinking A surplus lines insurer which is a member of an insurance holding company that includes a member which is a Florida domestic insurer as set forth in its holding company registration statement, as set forth in s. This may include old homes located in coastal areas, yachts, day-care liability or medical malpractice needs. 938. According to F. Nov 1, 2010 · Surplus lines insurance is intended to provide coverage that cannot be easily procured in the conventional insurance marketplace. 939) 626. ) Boyd, who has an insurance Jul 31, 2024 · The Florida Surplus Lines Service Office (FSLSO) is a not-for-profit organization created by Florida Statute to provide service and guidance to the Florida surplus lines insurance sector. The law streamlines the process for securing insurance through surplus lines carriers by removing the previous requirement that agents must first obtain three denials from admitted insurers before turning to surplus lines. 4 days ago · The Office of Insurance Regulation company search service can provide full names, business addresses, and identifying information for companies/entities doing business in the State of Florida. Commercial insurance includes business-related health, life, auto, and property insurance policies. It also updates assessment […] Southwest Risk is a specialized wholesale brokerage and insurance company offering hard-to-place commercial coverage in excess and surplus lines and specialty admitted marketplace. The surplus lines ACCEPTANCE CASUALTY INSURANCE COMPANY Eligible Surplus Lines Insurer Sep 15, 2025 · The Office of Insurance Regulation company search service can provide full names, business addresses, and identifying information for companies/entities doing business in the State of Florida. According to Florida law (F. These materials are also not a substitute for legal advice on the subject matter. Insurance Commissioner Mike Yaworsky announced Thursday that Stand insurance Exchange and Praxis Reciprocal Exchange, have been approved to do business in the state. Florida’s surplus lines insurance market plays a crucial role in providing coverage for risks that the standard insurance market cannot address. This market provides coverage for risks that standard or admitted insurers are unable or unwilling to cover, filling a vital role as a supplement to the admitted market. Florida does not have an industrial insured Insurer Quarterly Financial Reports These reports are compiled and analyzed by FSLSO staff to show the financial position of surplus lines insurers in Florida. Follow these links to view lists of insurers and surplus lines companies that are eligible to do business in the State of Florida. 5 million small businesses that contribute greatly Feb 18, 2025 · The surplus lines fee is a tax levied on non-admitted insurance policies, also known as surplus lines insurance. Jan 9, 2024 · Struggling with insurance choices in Florida? Learn why self-insurance may not be wise and how to navigate between admitted and surplus lines carriers. Nov 4, 2021 · KEY TAKEAWAYS Surplus lines insurance protects against a financial risk that a regular insurance company will not take on. Traditional insurance companies must file their premium rates and policy forms with state regulatory agencies. A more recent docket listing may be available from PACER. To search by name Feb 28, 2024 · The surplus lines company would also have to have at least an A-rating from the ratings agency A. The Office of Insurance Regulation company search service can provide full names, business addresses, and identifying information for companies/entities doing business in the State of Florida. These materials are intended to serve as reference tools and should not be relied upon as definitive sources or as substitutes for your own thorough review of the applicable laws, regulations, rules, bulletins, or other materials published by relevant state or federal governments or agencies. 932), the term “premium” means the consideration for insurance by whatever name called and includes: in consideration for an insurance contract, which items are deemed to be a part of the premium. RBC ratios of 317% at FPIC and 311% at FIUC remain below benchmarks, with gross premium-to-surplus multiples of 7. This is why organizations of all sizes work with Nationwide Excess & Surplus and Specialty insurance. 5x and 3. 916. To search by name Apr 12, 2023 · Surplus lines insurance is a good option if you’ve struggled to find home insurance due to your home’s risk of damage. We offer products across Property and Casualty, Management Lines, Personal Lines, and more. Our excess and surplus lines insurance products include a wide variety of insurance coverages such as personal lines homeowners, jewelry, yachts, commercial property and casualty, equine and outdoor, professional liability, commercial auto, garage, restaurants, builders’ risk and inland marine lines. Treasury certified Surety Company 2024 Florida Statutes Title XXXVII - Insurance Chapter 626 - Insurance Field Representatives and Operations Part VIII - Unauthorized Insurers and Surplus Lines (Ss. Examples are E&S agencies, managing general agents, reinsurance intermediaries, and the like. “Broker fees,” “consulting fees” and similarly named fees that produce additional income As a leading Excess and Surplus Lines market, Nautilus Insurance Group offers commercial property and casualty insurance solutions to appointed wholesale general agents countrywide. Please view the disclaimer before using this service for the first time. Our commitment to providing a seamless user experience and cutting-edge technology led to the creation of SLIP, an industry-leading platform for filing policy information and remitting tax payments. When it comes to insurance carriers, there are two main types to consider: admitted insurance carriers and non-admitted insurance carriers. 2 million policies and consumers who, without the surplus lines market, would have a difficult time obtaining insurance, if they were able to secure it at all. The Florida Surplus Lines Association (FSLA) is committed to promoting a stronger Florida economy by supporting the stability and security of the specialty and surplus lines insurance marketplace by leading and empowering the Florida insurance community through member engagement, education, and legislative/regulatory advocacy. The insurance company that fuels poss-ability. Geographic diversification efforts outside of Florida and surrounding Southeastern states The Florida Surplus Lines Service Office does not provide legal or tax advice. 5 days ago · Florida is adding two more property insurance companies to its growing market. 9201 - Notice of cancellation or nonrenewal. 5 days ago · The Office of Insurance Regulation company search service can provide full names, business addresses, and identifying information for companies/entities doing business in the State of Florida. 901-626. holds an A. Balancing these credit strengths are moderately weak risk-adjusted capitalization, elevated premium leverage, and concentrated earnings in Florida property lines. To search by name WHAT IS SURPLUS LINES INSURANCE? Excess and surplus lines insurance is an alternative type of insurance coverage for consumers who cannot get coverage in the standard/admitted market. This fee is typically paid by the insurance company and can range from 2% to 5% of the premium. For more information on Florida Statutes visit Online Sunshine. Nov 13, 2024 · Here at Wren Insurance, we work with several surplus lines carriers to meet the needs of our clients, like Tapco, Bass, RT Specialty, AmWins, Topa and Swyfft, to name just a few. The surplus lines Sep 16, 2025 · Arue Enterprises LLC v. PART VIII UNAUTHORIZED INSURERS AND SURPLUS LINES (ss. In Florida, all activities relating to insurance are regulated by the Florida Office of Insurance Regulation. Focused on the wholesale distribution channel, Westchester provides innovative specialty products for property, specialty casualty, environmental, professional risk, inland marine, product recall, small business, binding and programs. FSLSO maintains a contract with the Florida Department of Financial Services to produce and distribute the State's official study guide for the surplus lines licensing exam, titled Florida Surplus Lines Insurance Study Manual. According to the Florida Surplus Lines Service Office, 2021 surplus lines premium volume was over $9. 801 and rules adopted thereunder, may elect to maintain surplus as to policyholders in an amount equal to the requirements of s Insurer Surplus Lines Insurers A foreign or alien unauthorized insurer made eligible by the Florida Office of Insurance Regulation (OIR), a federally authorized insurer as classified by the OIR under the provisions of the Nonadmitted and Reinsurance Reform Act or an alien insurer listed on the NAIC IID List. Before approval, a Surplus Lines insurer files an application with the OIR providing detailed information about the company’s organizational structure and financial background. General Information: Florida maintains a list of eligible surplus lines insurers (see Other Comments section #5). Best financial strength rating of “A” (Excellent), Financial Size Category XV. This page provides information on the various application packages and how to submit an application The rise of surplus lines Over the past several years, the U. 3x, respectively. and into the private sector. It is regulated by the Florida Department of Financial Services and the Florida Office of Insurance Regulation. What laws apply to the surplus lines insurance market? While surplus lines insurers are excused from filing rates and forms, surplus The Florida Surplus Lines Service Office does not provide legal or tax advice. Surplus lines insurance is coverage for specific risks that the standard or admitted market is either unable or unwilling to cover. Access to Lloyd's of London and other major world markets. Acceptable fees include a policy fee charged by the filing surplus lines agent, inspection fees, survey fees, membership fees, or similar fees charged in consideration for the insurance contract per F. Surplus Lines Market THE FOLLOWING materials are intended to provide an overview and introduction to the surplus lines market. The surplus lines Understand surplus lines insurance Florida regulations and compliance requirements with this comprehensive guide for brokers and insurers. Now, we’re proud to introduce SLIP+, the next generation of our industry-leading Surplus Lines Companies ALIEN SURPLUS LINES COMPANIES Overview OIR's Company Admissions sections are responsible for the receipt of all company applications and the coordination of OIR's review of such applications prior to granting approval to a company to sell insurance in the state of Florida. They have been created in collaboration with and support of the members of the state and national trade organizations and stamping es representing the surplus insurance industry listed you have any questions like to discuss these materials more detail, please contact The Southeast Insurance Group provides surplus lines insurance coverage. Obtaining coverage with a non-admitted insurance carrier in Florida has unique benefits and disadvantages. M. Aug 15, 2023 · Surplus lines insurance policies offer coverage for risks that regular insurance companies don’t want to take on. Each report is updated on a quarterly basis as new statistics are published. Last Update: 03/17/2025 Updates to the information will be noted with a "*" next to the state name and edits will be italicized and bolded. Mar 17, 2025 · Surplus Lines Chart The chart below identifies each state's requirements for a surplus lines carrier for corporate changes. A Surplus Lines insurer is an unauthorized insurer that has been made eligible by OIR to write certain property and casualty insurance business not written by an admitted/authorized insurer. 801 and rules adopted thereunder, may elect to maintain surplus as to policyholders in an amount equal to the requirements of s Northfield Insurance, a division of Travelers, offers broad surplus lines coverage for over a thousand classes of non-admitted risks. 923, a surplus lines agent shall, within 30 days after the date of a request by the Department or the Florida Surplus Lines Service Office, furnish an exact copy of all requested policies, including applications, certificates, cover notes, or other forms of confirmation of insurance coverage or any substitutions or Starr International Insurance (Singapore) Pte. S insurance indus-try has undergone a fundamental shift—driven by a surge in catastrophic weather events, a hardening rein-surance market, litigation severity, economic volatility, and risk complexity. Since 1974, Admiral Insurance Group has been supporting business innovation and market growth through our wholesale-dedicated excess and surplus (E&S) lines of commercial insurance. 913 - 626. Surplus lines insurance is generally more expensive than regular insurance because the risks are higher. The Florida Surplus Lines Service Office (FSLSO) is a not-for-profit entity created by statute to serve the surplus lines insurance market. 5 billion and represents over 1. 937, the Surplus Lines Law. As admitted carriers began to pull back capac-ity—particularly in high exposure states like Florida—retail agents found Surplus lines insurance agents were required to make a diligent effort to obtain coverage through an authorized insurance company and document those efforts. , Ltd. Jul 2, 2024 · Surplus line carries enter Florida’s insurance market Surplus line carriers are insurance companies that provide property insurance that other insurers don’t cover in a particular market. May 7, 2025 · Richard Group, LLC v. Whenever agents, brokers, companies, or policyholders have specific questions pertaining to business practices, tax implications, or statutory interpretation, we urge the respective parties to seek the counsel of a competent attorney or tax consultant licensed in the Follow these links to view lists of insurers and surplus lines companies that are eligible to do business in the State of Florida. 4 days ago · The 17 companies bring a combined $574 million in policyholder surplus to further shift coverage burdens away from state-owned Citizens Property Insurance Corp. Also included are links to other information related to the eligibility of insurance companies. . Refer to this list as you record policy and transaction data. A surplus lines agent may charge a “reasonable” per-policy fee that must be reported to the FSLSO. FSLSO has specific requirements surplus lines agents and insurers must follow in order to be compliant Florida surplus lines law. Homeowners insurance consumer education resources brought to you by Florida's Insurance Consumer Advocate Tasha Carter. Surplus Lines policies and coverage independently procured from an unauthorized insurance company are administered by the Florida Surplus Lines Service Office. Westchester Surplus Lines Insurance Company (2:25-cv-00377), Florida Middle District Court, Filed: 05/07/2025 - PacerMonitor Mobile Federal and Bankruptcy Court PACER Dockets All 50 states, District of Columbia, Puerto Rico, Guam, Northern Mariana Islands and Philippines P&C Insurance and Reinsurance (Admitted) and U. Learn more in the video below. Westchester Surplus Lines Insurance Company RSS Track this Docket Docket Report This docket was last retrieved on September 18, 2025. Feb 18, 2019 · Surplus Lines Insurance - This article briefly summarizes the different types of insurance available and the concept of insurance regulation overall. Jan 3, 2025 · Navigate Florida's surplus lines insurance landscape with our comprehensive guide on rules, compliance, and legal protections. Topics include: first time homebuyers, coverage options, Florida's hurricane deductible, premium discounts for hurricane loss mitigation, policy endorsements, title insurance, surplus lines, homeowner claims bill of rights, what to expect after filing a claim, sinkholes and Requires State Examination OR Become a resident of Florida, held a valid resident license in a reciprocal state with the equivalent line of authority for at least one (1) continuous year prior to applying for a license in Florida, and submit the application for the Florida surplus lines license within 90 days of becoming a resident of Florida. 628. Violation of the Prohibition Against Charging Fees in Addition to Premium The purpose of this Bulletin is to remind surplus lines insurers and agents that it is unlawful for agents to charge fees to the insured upon the sale of a surplus lines insurance policy unless specifically authorized by law. 626. Best. Best financial strength rating of "A" (Excellent), Financial Size Category XV. (Earlier versions of the bill required a higher A-rating. You can search by any combination of company name, company type, address type, and authorized lines of business. The per-policy fee charged by the filing surplus lines agent and authorized by F. rqzb lxjaq gtjxzo urpmcs bzov lhcl pkifausme zlclcedg xadmvp yfoi