Surplus lines insurance exam 2024

Surplus Lines - correct answer Insurance for which there is no readily available, from the standard insurance carrier Admitted Insurers - correct answer 1. Is standard insurance carrier is one that is licensed by the state to sell specific lines of insurance in that state 2. is regulated by the state's department of insurance and must contribute to the state insurance guaranty fund state insurance guaranty fund - correct answer an association that protects policyholders by paying for covered losses if the insurer becomes insolventand unable to pay its claims nonadmitted insurers - correct answer surplus (a.k.a. excess) lines insurance is property and casualty insurance sold by nonadmitted insurers who are licensed to do business in the state, but who are licensed