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OMB No. 15050257
Expiration: September 30, 20203
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27TERRORISM RISK INSURANCE PROGRAM 2020 DATA CALL: INSURER (SMALL) GROUPS OR COMPANIES
INSURER
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Who needs online alien surplus lines?
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Individuals or companies who are involved in surplus lines insurance and have a need to insure alien (non-U.S.) risks may need online alien surplus lines.
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Insurance agents or brokers who specialize in surplus lines insurance and deal with clients seeking coverage for non-U.S. risks may also need online alien surplus lines.
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Insurance companies or underwriters who offer surplus lines coverage for alien risks may utilize online platforms for efficient and streamlined processing of applications and policies.
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What is online alien surplus lines?
Online alien surplus lines refer to insurance coverage that is provided by non-admitted insurers for risks that are not available through licensed insurers, submitted electronically through an online platform.
Who is required to file online alien surplus lines?
Insurance brokers or agents who place surplus lines insurance with non-admitted carriers are required to file online alien surplus lines.
How to fill out online alien surplus lines?
To fill out online alien surplus lines, brokers must access the online filing platform, complete the necessary forms with the required data about the insured and the coverage, and submit the application electronically.
What is the purpose of online alien surplus lines?
The purpose of online alien surplus lines is to provide a streamlined process for filing insurance placements with non-admitted insurers, ensuring compliance with regulatory requirements.
What information must be reported on online alien surplus lines?
Information that must be reported includes the name of the insured, details of the coverage being placed, the name of the non-admitted insurer, and any applicable taxes or fees.
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