What Is Surplus Lines Insurance. Excess and surplus lines is a form of insurance that covers businesses with high risk or an adverse loss history that can make it hard for them to obtain coverage in the traditional insurance marketplace. Excess and surplus lines insurance enable.
A “surplus lines carrier” (can also be referred to as “excess lines carrier” ) is an insurance company who is not licensed by the state but is. Moreover, anyone who sells e&s insurance must have a surplus lines insurance license. A surplus lines broker is an insurance professional who sells insurance policies from insurers outside of the state in which they operate.