What are the eligibility requirements for surplus lines insurers?

Surplus lines insurers domiciled in a U.S. jurisdiction - A surplus lines licensee is permitted to place insurance with such insurers provided that:

• They are approved to write such business in their State of domicile.
• They maintain a minimum capital and surplus of $15 million or the minimum capital and surplus amount required in a State.

Surplus Lines insurers domiciled outside the U.S. jurisdiction - A surplus lines licensee is permitted to place insurance with such insurers provided that:

• The insurer is listed on the Quarterly Listing of Alien Insurers maintained by the International Insurers Department of the NAIC.
• The NAIC Quarterly Listing is available for purchase from the NAIC.
• Both foreign and alien insurers must submit a completed application and fee to DIFS.