Regulators Publish Surplus Lines ‘Alien’ Insurer Eligibility List

November 7, 2011

The National Association of Insurance Commissioners (NAIC) posted its Quarterly Listing of Alien Insurers, available for reference and download.

The listing, also mentioned in the Nonadmitted Insurance title of the Dodd-Frank Wall Street Reform and Consumer Protection Act, identifies nonadmitted insurers domiciled outside of the United States. By way of reference in the federal legislation, these insurers are provided recognition on a national basis.

“Excess and surplus lines brokers and consumers will now be able to access this listing of eligible non-U.S. surplus lines insurers,” said NAIC Vice President and Louisiana Insurance Commissioner James J. Donelon. “The listing provides brokers with a level of assurance regarding the acceptability of policies quoted or written with these alien insurers.”

The full list is available at: http://www.naic.org/documents/committees_c_surplus_lines_fawg_related_docs_quarterly_listing_alien_insurers.pdf

Source: NAIC

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