New Jersey Surplus Lines case studies
New Jersey Surplus Lines · Put your knowledge to work in context.
The New Jersey Surplus Lines license authorizes a producer to place coverage with eligible non-admitted insurers when admitted carriers decline or cannot provide the needed coverage. It is used by retail agents and brokers, wholesale and managing general agency staff, and anyone involved in specialty or hard-to-place risks. The exam is delivered in multiple-choice format and tests five areas: general New Jersey insurance statutes and regulations (20%), surplus lines-specific law (30%), surplus lines principles and practices (25%), producer duties and responsibilities (15%), and eligible insurers and the unauthorized market (10%). Expect scenario-based questions on diligent search, declination documentation, placement, and premium tax and reporting obligations. The New Jersey Surplus Lines case studies are 5 cases and about 2,696 words.
1Three Declinations and a Missing Notice
Rosa holds a New Jersey property and casualty producer license with surplus lines authority. Her client, Meadowline Landscaping LLC, operates 14 crews out of three yards and needs 2 million general liability plus pollution coverage for herbicide application.
591 words, about 3 min2The Cheaper Carrier from Turks and Caicos
Priya is a New Jersey surplus lines producer. A Boston broker, licensed only in Massachusetts, sends her a Newark food-processing account seeking 10 million products liability and a 2 million excess layer.
566 words, about 3 min3The Missing 3% and the Defective Certificate
Denton Insurance Group, a New Jersey surplus lines producer, binds a 64,500 surplus lines property policy on February 20 for a Camden warehouse. The insured pays the full premium by check on March 1.
513 words, about 3 min4The Pennsylvania Broker Wants a Split
A New Jersey manufacturer operates a Trenton plant and an Allentown, Pennsylvania warehouse. Its Pennsylvania broker, licensed only in Pennsylvania, places the property program with Keystone Specialty, a carrier eligible in Pennsylvania but not in New Jersey.
519 words, about 3 min5Renewal After the Carrier Leaves the List
On January 1, Elena, a New Jersey surplus lines producer, places a 3 million excess liability policy with Harborline Specialty, an eligible surplus lines insurer, for a Passaic chemical distributor. The premium is 44,000.
507 words, about 3 min