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What are the Conditions for Placement of Insurance in the Surplus Lines Market?

Submitted by VLHudson on
Answer

In general, insurance coverage shall not be placed with a non-admitted insurer unless the full amount of insurance required in not reasonably procurable from admitted insurers and the amount of insurance exported shall be only the excess over the amount procurable from an admitted carrier.  Note, Vermont does not require evidence of three declinations.

Accordion to apply to