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NOTICE OF EXCESS LINES PLACEMENTConsistent with the requirements of the New York Insurance Law and Regulation 41, is hereby advised that all or a portion of the required coverages have been placed
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Notice of excess lines is a form required to be filed by insurance brokers or surplus lines licensees when placing insurance coverage with a non-admitted insurer.
Insurance brokers or surplus lines licensees are required to file notice of excess lines.
Notice of excess lines can be filled out by providing detailed information about the insurance transaction, including the insured's information, policy details, and the non-admitted insurer's information.
The purpose of notice of excess lines is to ensure that insurance coverage placed with non-admitted insurers complies with state regulations and to provide transparency in the surplus lines insurance market.
Information such as the insured's name, policy details, premium amount, non-admitted insurer's information, and details of the insurance transaction must be reported on notice of excess lines.
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