Articles & Resources

Surplus Lines Broker 

What is a Surplus Lines Broker? A surplus lines broker is an insurance intermediary who represents the insured rather than the insurer. A surplus lines

Diligent Search

What is a Diligent Search? A diligent search is a surplus lines regulatory requirement. It establishes that coverage for a risk is unavailable from admitted


What is an Affidavit? An affidavit is a written statement of facts signed by the agent and/or insured. Affidavits are notarized. This means they are


What is a Policy? An insurance policy is a written contract of insurance between the insurer and the policyholder. It is typically composed of a


What is a Binder? A binder is a legal agreement issued by either an agent or an insurer to provide temporary evidence of insurance until


What is an Endorsement? An endorsement is one of the many forms used in the insurance industry. It is an insurance policy form that either


What is Underwriting in Insurance? Underwriting for insurance is when an individual or institution takes on a financial risk for another individual or institution for


What is Reinsurance? In simple terms, reinsurance is insurance for insurers. It’s also known as stop loss insurance. Reinsurance is a type of coverage that

Lloyd’s of London

What is Lloyd’s of London? Lloyd’s of London is an insurance and reinsurance marketplace. Its main purpose is to promote insurance transactions. It is not