§ 5023 - Surplus lines insurance; authorized
§ 5023. Surplus lines insurance; authorized
Surplus lines insurance may be procured from nonadmitted insurers, if:
(1) The insurance meets the conditions specified in section 5024 of this title;
(2) The insurance is placed through a licensed surplus lines broker;
(3) The insurer meets the conditions specified in section 5026 of this title; and
(4) All other requirements of this chapter are met. (Added 1979, No. 50, § 2; amended 1979, No. 197 (Adj. Sess.), § 2; amended 2001, No. 97 (Adj. Sess.), § 19.)