The Myth of the ‘Surplus Lines Agent’

By | February 8, 2021

  • February 16, 2021 at 1:57 pm
    Frederick J Fisher says:
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    I totally agree!! I’ve been saying the same thing for years. By definition, a Surplus Lines Broker is still licensed as a Broker- and thus universally is an “Agent” of the Insured. A Wholesale Broker thus is also licensed as a Broker, yet is an intermediary between the Insured and their Broker… thus- a subagent. Being a Wholesale Broker is a Business Model and is rarely acknowledged by statute as such.

    MGA’s are statutorily defined- and must work with admitted insurers.

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