Oregon Surplus Lines case studies
Oregon Surplus Lines · Put your knowledge to work in context.
Oregon's surplus lines line of authority lets a licensed producer place coverage with nonadmitted insurers when the admitted market cannot or will not write the risk. It is not a stand-alone license: it attaches to an existing Oregon producer license and is used mainly by commercial property and casualty producers handling hard-to-place accounts - coastal property, high-hazard occupancies, unusual liability exposures, or new products with no admitted appetite yet. The Oregon Surplus Lines case studies are 5 cases and about 2,850 words.
1Borrowed Surplus Lines License and a Personal-Lines Dwelling
Priya holds an Oregon resident producer license for property and casualty and is appointed with two admitted carriers. She has 14 months of experience and has not completed the surplus lines exam or applied for surplus lines authority.
639 words, about 3 min2Commercial Auto Fleet, Three Declinations, and the Export List Question
Riverbend Logistics, a 40-truck carrier, seeks commercial auto liability and physical damage. Its loss runs show two preventable accidents and one driver with a DUI four years ago.
560 words, about 3 min3Belize Insurer, Missing IID Listing, and a Misleading Certificate
Gulfstream Specialty, a Belize-domiciled insurer, has $18 million in capital and surplus, is not on the NAIC International Insurers Department Quarterly Listing, and has no Oregon trust fund. It offers cargo coverage for an Oregon exporter at a rate 30% below the admitted market.
549 words, about 3 min4Premium Tax, Policy Fees, Export-List Filing, and Mid-Term Cancellation
On March 1, a surplus lines producer binds a commercial property policy effective March 1 with a nonadmitted insurer. Gross premium is 48,000.
541 words, about 3 min5Brewpub Claim, Insurer Insolvency, and a Certificate That Says Nothing
Lee, an Oregon producer, places a $2 million commercial general liability policy for a Portland brewpub with a nonadmitted insurer. The insured is a first-time buyer and asks for 'the same proof of insurance my bank wants.' Lee issues a certificate of insurance that lists the insurer and policy limits but does not mention that the insurer is not admitted or that the Oregon Insurance Guaranty Association does not cover the claim.
561 words, about 3 min