SURPLUS LINE INSURANCE
Purposes of chapter.
Home state defined.
Life and health insurance, annuities and reinsurance exempt from chapter.
Exemption of interstate commerce.
Unauthorized acts constituting misdemeanors--Additional forfeiture.
Qualifications for surplus line broker's license--Out-of-state sales.
Application for surplus line license--Fee.
Licensing provisions applicable.
Bond of resident surplus line broker--Amount--Conditions--Termination.
Suspension or revocation of license of surplus line broker--Grounds.
Procedure for suspension or revocation of license.
Suspension or revocation of surplus line license affects all other licenses.
Revival of suspended or revoked broker's surplus line license--Payment of fine and
delinquent taxes--Waiting period.
Acceptance of business from licensed insurance producer.
Impossibility of procuring coverage from authorized insurers--Procurement from
Certain unauthorized insurers to submit annual report.
Conditions for export--Amount not procurable from authorized insurers.
Export of insurance where coverage available from authorized insurer prohibited--Exception.
Procurement of exported insurance through licensed surplus line broker.
Affidavit of broker as to exported insurance.
Placement in authorized insurer--Violation as misdemeanor.
Requirements for placing surplus lines insurance.
Financial condition of surplus line insurer--Director not required to determine.
Ineligibility of surplus line insurer because of financial condition--Order of director--Grounds.
Financial condition of surplus line insurer--Ascertainment by broker--Violation as
Violation as misdemeanor--Revocation of licenses after hearing--Waiting period for
Evidence of insurance--Certificate, execution, content.
Authority of broker to make certificate as to insurance granted by unauthorized
Change in evidence of insurance--Substitute certificate by broker.
False certificate by broker--Failure to notify insured as to material change--Misdemeanor.
Replacement of broker's certificate when policy issued.
Endorsement of contract--Violation as misdemeanor.
Surplus line insurance valid.
Liability of insurer as to losses and unearned premiums.
Assumption of surplus line direct risk--Extent of liability.
Venue of action against unauthorized insurer.
Action against unauthorized insurer--Service of process on director--Jurisdiction of
Director appointed process agent--Policy provision--Mailing of process to defendant.
Record by broker of each surplus line coverage--Maintenance--Violation as
Record not removable from state--Examination by director--Violation as
Annual statement of broker--Filing with director--Violation as misdemeanor.
Annual statement of broker--Form and contents.
Uniform report may be prescribed in lieu of annual statement or affidavit as to
Records of interstate commerce coverage--Report to director--Violation as
Tax on premiums--Time for remittance--Credit to general fund.
Premium tax when only part of risk in state--Multi-state agreement--Apportionment.
Fine for failure to remit tax or to file annual statement or uniform report--Collection.
Report of independently procured coverages--Violation as misdemeanor.
Negotiations, application, or premium payment bringing independently procured
coverages within jurisdiction.
Production of records of insured for examination--Refusal to obey order of director
Tax on independently procured coverages--Payment to director, time.
Interest on delinquent tax on independently procured coverages.
Insured's liability for tax on independently procured coverages.
Deposits of taxes and interest collected on independently procured coverage.
Provisions on independently procured coverages do not affect unauthorized insurers.
Provisions on independently procured coverages inapplicable to life or health
insurance, or annuities.
Rules and regulations--Adoption by director.
Citation of chapter.