Arkansas Surplus Lines case studies
Arkansas Surplus Lines · Put your knowledge to work in context.
The Arkansas Surplus Lines credential is a state producer/broker licensing category administered through the Arkansas Insurance Department (AID), the division of the Arkansas Department of Commerce whose stated primary mission is consumer protection. Surplus lines authority is for insurance professionals who place coverage with eligible non-admitted insurers when admitted carriers cannot or will not write the risk. The Arkansas Surplus Lines case studies are 5 cases and about 2,066 words.
1Declinations Before Surplus Lines Placement
A producer at an Arkansas surplus lines brokerage is asked to place commercial property coverage on a 40-year-old warehouse in Crittenden County valued at 2.4 million. The building has aluminum wiring and a prior water-damage claim of 90,000 from 2022.
467 words, about 2 min2Eligibility of the Surplus Lines Insurer
An Arkansas producer is preparing to place a 5 million excess liability policy on a trucking fleet. The proposed surplus lines insurer is a non-admitted carrier domiciled outside the United States.
397 words, about 2 min3Premium Tax and Filing Deadline After Binding
An Arkansas surplus lines broker binds a commercial general liability policy effective March 1 with an annual premium of $48,000. The policy is written by an eligible surplus lines insurer.
403 words, about 2 min4Producer Licensing and Surplus Lines Authority
A producer holds an Arkansas property and casualty producer license but has never obtained a surplus lines broker license. A longtime commercial client needs coverage for a vacant building that admitted carriers will not write.
360 words, about 2 min5Diligent Effort When an Admitted Market Exists
An Arkansas surplus lines broker is asked to place a 1.5 million commercial auto liability policy for a delivery company with 12 vehicles and two at-fault accidents in the past three years. The broker contacts four admitted carriers.
439 words, about 2 min