Indiana Surplus Lines case studies
Indiana Surplus Lines · Put your knowledge to work in context.
A surplus lines license lets an Indiana-licensed property and casualty producer place coverage with insurers that are not admitted in Indiana, when the admitted market cannot or will not write the risk. It is an add-on authority: candidates generally hold, or are simultaneously earning, a resident property and casualty producer license, and the surplus lines credential is what allows them to broker to eligible non-admitted carriers and to handle the tax and filing duties that come with it. The Indiana Surplus Lines case studies are 5 cases and about 3,358 words.
1Two Declinations and a Ghost Quote
Kestrel Risk Partners is asked to insure a 22,000-square-foot trampoline and ax-throwing venue in Fort Wayne that also sells beer, with liquor liability limits of 1M/ 2M. The agency contacts four Indiana-admitted carriers.
696 words, about 3 min2Disclosure Buried on Page Nine
An agency emails a bakery-cafe owner a 12-page e-sign packet for a surplus lines package. Page 9 contains a paragraph headed simply 'Notice' stating that the insurer is not admitted in Indiana and is not covered by the Indiana guaranty association.
659 words, about 3 min3The Carrier on the Broker's Approved List
An Indianapolis producer places a 2.4 million excess casualty layer on a crane contractor with Rivermark Specialty, a carrier domiciled and licensed in another country. Before binding, the producer confirms Rivermark is licensed in its home jurisdiction and has 40 million in capital and surplus, and sees it on a wholesale broker's 'approved carrier' list.
658 words, about 3 min4The Producer Without Surplus Lines Authority
Danielle holds an Indiana property and casualty producer license but no surplus lines authority. Her agency principal tells her to 'go ahead and write it under the agency,' and she places an $18,000-premium surplus lines policy on a grain elevator, signing the application as producer.
664 words, about 3 min5One Policy, Three States, Two Adjustments
has locations in Indiana (60% of insured values), Ohio (30%), and Kentucky (10%). A single surplus lines policy from one non-admitted carrier covers all three, with annual premium of 84,000 plus a 600 inspection fee and a 1,200 producer service fee shown separately on the invoice.
681 words, about 3 min