insurance companies
Two Exercises: #1 write two paragraphs. #2 respond to another two paragraph 1-2 paragraph each respond?
Answer previewSurplus Lines
Surplus lines insurance also referred to as excess lines insurance is insurance with an insurer that is not licensed to transact business in the state where the risk is located. In other words, it is a part of the insurance market where an insured may get coverage from an out-of-state and unadmitted insurer for a risk that other traditional insurers cannot or are not willing to insure. These kinds of risks usually are unique; for instance, insuring a home in an area that is prone to hurricane or pet insurance.
Surplus lines insurance is unadmitted insurers that are insurers with no license to offer coverage in that region (Gardner, 2017), which may…
(500 words)