A Surplus Lines Agent is someone licensed to write property and casualty insurance through a nonadmitted insurer and may be a general lines agent, MGA, or nonresident agent.

A Surplus Lines Agent is someone licensed to write property and casualty insurance through a nonadmitted insurer and may be a general lines agent, MGA, or nonresident agent.

• A. General Lines Agent
• B. Reinsurance Agent
• C. Surplus Lines Agent
• D. Life Insurance Agent

Answer: (C)

A Surplus Lines Agent is the license category for placing property and casualty coverage with nonadmitted (surplus lines) insurers. This type of agent may come from several licensing backgrounds, such as a general lines agent, a managing general agent (MGA), or a nonresident agent, reflecting the ability to place risks that aren’t available through admitted carriers. The key idea is that surplus lines coverage is written through nonadmitted carriers, typically used when the standard market cannot provide the needed protection. In contrast, a general lines agent generally operates with admitted carriers in the regular market; a reinsurance agent handles agreements between insurers to share risk rather than issuing direct policies to consumers; and a life insurance agent sells life (and often health) products, not property and casualty coverage.

A Surplus Lines Agent is the license category for placing property and casualty coverage with nonadmitted (surplus lines) insurers. This type of agent may come from several licensing backgrounds, such as a general lines agent, a managing general agent (MGA), or a nonresident agent, reflecting the ability to place risks that aren’t available through admitted carriers. The key idea is that surplus lines coverage is written through nonadmitted carriers, typically used when the standard market cannot provide the needed protection. In contrast, a general lines agent generally operates with admitted carriers in the regular market; a reinsurance agent handles agreements between insurers to share risk rather than issuing direct policies to consumers; and a life insurance agent sells life (and often health) products, not property and casualty coverage.