North Carolina Surplus Lines case studies
North Carolina Surplus Lines · Put your knowledge to work in context.
The North Carolina surplus lines license authorizes a licensed property and casualty producer to place coverage with nonadmitted insurers when the admitted market cannot or will not write the risk. It is used by retail agents who encounter hard-to-place exposures - coastal wind, vacant or distressed property, unusual liability classes, high-value or specialty risks - and by wholesale and managing general agency staff who support them. The North Carolina Surplus Lines case studies are 5 cases and about 3,701 words.
1The Folder With One Declination
A Raleigh surplus lines licensee is asked to place 4 million commercial general liability coverage, including hot-roofing exposure, for a 60-employee roofing contractor with 9 million annual revenue and two prior fall claims. The contractor needs coverage effective in 10 days.
813 words, about 4 min2Trust Fund Shortfall
A Charlotte surplus lines licensee wants to bind a 2 million commercial property policy for a furniture distributor. The risk includes a warehouse in Gastonia and business interruption.
730 words, about 4 min3The Page 17 Notice
A Greensboro retail agent places a surplus lines commercial package policy for a 22-employee HVAC contractor. The policy is written by an eligible surplus lines insurer and includes property, general liability, and inland marine.
747 words, about 4 min4The Multistate Premium Tax Error
A surplus lines licensee places a 48,000 annual premium commercial package policy effective July 1. The policy covers a North Carolina manufacturer's two locations: Charlotte, representing 60% of insured values, and Spartanburg, South Carolina, representing 40%.
669 words, about 3 min5Beach Plan or Surplus Lines?
A Wilmington surplus lines licensee is asked to insure a 24-unit oceanfront condominium association. The building has a replacement cost of 6 million and is in a beach area eligible for the NCIUA Beach Plan.
742 words, about 4 min