The excess and surplus lines market, hereafter referred to as surplus lines , is a supplemental market of insurance companies that do not have a certificate of authority to write insurance in Utah. Though specifics may differ, there is a consistency in the basic framework of surplus lines laws throughout the various states. The prohibition against soliciting business on behalf of nonadmitted insurers is universal, as well as the requirement that there be a diligent, good faith effort to place the insurance with an admitted insurer. Documentation and justification of the surplus lines placement is always required. Restrictions on using surplus lines for the purpose of price advantage and restrictions on exporting different layers or segments of a risk are common.
Several states use an export list of insurance coverages and classes.
Some states have exemptions for larger insureds. Utah surplus lines rules and procedures are consistent with most other states in these areas. Gross premiums include all policy fees. Gross premiums do not include separately negotiated broker fees that are not listed on the policy. Gross premiums include all policy fees.