2026 Licensing & Surplus Lines Laws

Licensing & Surplus Lines Laws presents license fees and education requirements in a single source. State lists outline licensing requirements that apply to all individuals. Rules for each state are outlined regarding commissions, fees, disclosures, and commingling of funds.The first part of this book, Licensing, gives details concerning who must have a license connected to selling insurance, how those individuals go about getting a license, and what must be done to keep the license. It also provides licensing parameters for adjusters, brokers, third-party administrators, and others.The second part, Surplus Lines, covers what types of insurance may be placed with a surplus lines insurer, how surplus lines policies are taxed, and how the different states have incorporated provisions of the NRRA.Book Summary:Initial and renewal license fees for various license types within each statePrelicensing education and examination requirements, including applicable exemptions, within each stateList of continuing education requirements, including available exemptions, within each stateDiligent effort requirements regarding surplus lines placementSurplus lines tax rates for each stateReport and record-keeping requirements for surplus lines agentsHow an insurer is required to handle the potential cancellation or nonrenewal of a policy upon the cancellation or revocation of a producer's appointment with that insurerWhether a state has an "e;export list"e; of LOBs that may be placed with a nonadmitted insurer without performing a diligent search (where applicable)Includes access to the online "e;Updates Page"e; where we post updates that were made after publication of this bookKey Topics include:Initial and Renewal License FeesLicensing examinationContinuing education for different types of licensesDiligent effort requirement before the placement of a surplus lines policyReporting and record-keeping requirements for surplus lines producersSignificant licensing changes have been made in the following states:AlabamaConnecticutLouisianaMichiganNew MexicoNorth CarolinaNorth DakotaPennsylvaniaVermontVirgin IslandsWashingtonSignificant surplus lines changes have been made in the following states:AlabamaColoradoConnecticutIowaMontanaNew YorkOhioOklahomaWashingtonWyomingLicensing & Surplus Lines Laws is brought to you by the editors of FC&S Expert Coverage Interpretation, dedicated to providing you with the most current insurance coverage interpretations and analyses since 1929.