Missouri Surplus Lines case studies
Missouri Surplus Lines · Put your knowledge to work in context.
The Missouri surplus lines license is a property and casualty authority that allows a producer to place coverage with non-admitted (surplus lines) insurers when the risk cannot be procured from authorized carriers in the voluntary market. It is aimed at licensed Missouri producers who already hold a property and casualty appointment and want to serve clients with unusual, high-hazard, or hard-to-place exposures - excess and umbrella risks, specialty construction, coastal or catastrophe-exposed property, and similar accounts that standard markets decline. The Missouri Surplus Lines case studies are 5 cases and about 3,457 words.
1Binding With a Non-Listed Offshore Insurer: A Producer Without a Surplus Lines License
Delta Ridge Restaurant Group operates four locations in Springfield and Branson. Its admitted carrier nonrenews the package policy effective June 1, leaving 18 days.
738 words, about 4 min2A Multistate Manufacturer, an Off-List Insurer, and the Home State Rule
Halbrook Precision Metals is incorporated and headquartered in Joplin, Missouri, with plants in Joplin, East St. Louis, Illinois, and Memphis, Tennessee.
671 words, about 3 min3Claims-Made Trigger, Retro Date, and a Self-Insured Retention
Prairie Hollow Foods, a poultry processor in Monett, buys a surplus lines commercial general liability policy effective January 1, 2024. The manuscript form provides 1,000,000 per occurrence, a 2,000,000 aggregate, and is written on a claims-made basis with a retroactive date of January 1, 2023.
666 words, about 3 min4Reconciling the Surplus Lines Premium Tax Return
Cordell Commercial Risk Services, a Missouri surplus lines broker, writes six surplus lines policies during the calendar year with total gross premiums of 412,000. It retains 15% commission, or 61,800.
696 words, about 3 min5Three Declinations, One Price Complaint, and a Surplus Lines Placement
Kessler Holdings owns a 40-unit apartment complex in St. Louis with a 6.5 million replacement-cost value and 180,000 of water-damage losses over three years.
686 words, about 3 min