Start by reviewing the exam content outline Word, 15KB. This should help you determine where to focus your studies. It's a good idea to make sure you're familiar with the information on an insurance company annual statement Word, 1.
There are 25 items on the surplus line broker exam addressing financial security topics. Topics include:. IRIS ratios are a topic featured in the exam. There are 13 ratios. Learn more about Lloyd's of London on their website www. This association offers classes pertaining to all of these topics. If you'd like to attend, visit their website www. Surplus line broker - individual resident. You can also review the fees for your license category.
To obtain a surplus line license: Hold an active producer license with the property and casualty lines of authority. Schedule and pass your exam www. Regulation of surplus line Surplus line insurance brokers are: Allowed to obtain a policy for you from an insurer who's not licensed in our state. Regulated by our office leg. Surplus line insurance companies are: Subject to the trade practices under the state's unfair claims settlement rule leg. Surplus line insurance companies are not: Licensed by our office.
Subject to our review of their rates and policies. Protected by our state guaranty funds. How to get coverage from a surplus line company Contact a licensed agent also called an insurance producer who can help you find coverage through a licensed surplus line broker.
See also Auto insurance Home insurance Business insurance. Need more help?
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