2025 Licensing & Surplus Lines Laws

Licensing & Surplus Lines Laws presents license fees and education requirements in a single source. State lists outline licensing requirements that apply to all individuals. Rules for each state are outlined regarding commissions, fees, disclosures, and commingling of funds.

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.

Book Summary:

• 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
• Range of statutes and administrative provisions that govern nonadmitted insurance in each state
• Includes access to online “Updates Page” where we post updates that were made after publication of this book

Key Topics include:

• 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

Licensing & Surplus Lines Laws comes to you from the editors of FC&S Expert Coverage Interpretation, which is committed to keeping you up-to-date on the latest insurance coverage interpretations and analyses. It is the authoritative reference tool for agents and underwriters who need to know how a policy may be legally terminated by an insurer.