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STATE OF RHODE ISLAND AND PROVIDENCE PLANTATIONS Department of Revenue DIVISION OF TAXATION One Capitol Hill Providence, RI 02908-5800 INSURANCE AND SURPLUS LINES BULLETIN REVISED TO: INSURANCE COMPANIES
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What is insurance and surplus lines?
Insurance is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss. Surplus lines insurance refers to any type of insurance coverage obtained from a non-admitted insurer not licensed in the state where the policy is issued.
Who is required to file insurance and surplus lines?
Insurance agents, brokers, and insurance companies are typically required to file insurance and surplus lines.
How to fill out insurance and surplus lines?
Insurance and surplus lines can be filled out by providing all necessary information about the policy, insured parties, coverage details, and any other relevant information required by the state or regulatory body.
What is the purpose of insurance and surplus lines?
The purpose of insurance and surplus lines is to provide financial protection against potential losses and liabilities for individuals, businesses, and other entities.
What information must be reported on insurance and surplus lines?
Information that must be reported on insurance and surplus lines includes details about the insured parties, policy coverage, premiums, and any other relevant information required by the state or regulatory body.
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