§8204 Uniform Standards for Surplus Lines Eligibility

Summary

States cannot make their own eligibility rules for nonadmitted insurers based in a U.S. jurisdiction unless those rules match sections 5A(2) and 5C(2)(a) of the Non‑Admitted Insurance Model Act, or unless the State adopts the nationwide uniform requirements, forms, and procedures under section 8201(b) that include alternate nationwide eligibility rules. States also cannot stop a surplus lines broker (a broker who places coverage with insurers not licensed in the buyer’s state) from placing or obtaining nonadmitted insurance from a foreign insurer that is on the NAIC International Insurers Department’s Quarterly Listing of Alien Insurers.