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Department of Commerce COMMON WEALTH OF THE NORTHERN MARIANA ISLANDS Caller Box 10007 CK, Sampan, MP 96950 Telephone: (670) 6643064/3000 Fax: (670) 6643067 Email: commerce pticom.com Website: www.commerce.gov.mp/

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What is application for surplus line?

An application for surplus line is a form submitted by insurance brokers or agents to the state insurance department in order to obtain approval for placing insurance coverage with a non-admitted or surplus lines insurer.

Who is required to file application for surplus line?

Insurance brokers or agents are required to file application for surplus line when they intend to place insurance coverage with a non-admitted or surplus lines insurer.

How to fill out application for surplus line?

The application for surplus line is typically filled out by providing detailed information about the insured, the coverage being sought, and the proposed non-admitted insurer. It may also require additional documents and disclosures as per the state insurance department's guidelines.

What is the purpose of application for surplus line?

The purpose of the application for surplus line is to ensure that insurance coverage placed with non-admitted or surplus lines insurers meets the state insurance department's requirements, including the protection of policyholders' interests.

What information must be reported on application for surplus line?

The application for surplus line generally requires information such as the insured's name and address, the nature of risk being insured, the desired coverage limits, and details about the non-admitted insurer being considered.

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