Articles & Resources

Return Premium Endorsements

An endorsement is a form that can change or add to an insurance policy. A return premium endorsement is filed if there is a change to the policy that decreases the coverage. It is an endorsement for the amount due the insured if the actual cost of a policy is less than what the insured has previously paid. This can happen if the limits are reduced, the estimated exposure at inception is greater than the audited exposure, or the policy is canceled.

Reinstatement Endorsement

An endorsement is a form that can change or add to an insurance policy. A reinstatement endorsement is filed to reinstate a policy that has expired without a lapse in coverage.

Audit Endorsement

An endorsement is a form that can change or add to an insurance policy. Audit endorsements apply to policies written based on projected values, such as, projected sales and payroll

Non-Admitted Carrier

An non-admitted carrier is not required to be licensed by the state, but is allowed to do business in that state. Sometimes, non-admitted carriers are also referred to as E&S or unlicensed carriers. However, E&S carriers are financially stable companies that are regulated in other ways. 

Admitted Carrier

An admitted carrier is an insurance company that has received a license from the state department of insurance for the authority to write specific lines of insurance. Sometimes they are referred to as a standard carrier.

Declarations Page

A declaration page is the front page(s) of a policy. It specifies the named insured, address, policy period, location of premises, policy limits, and other key information that varies from insured to insured. The declarations page is also known as the information page. It is often informally referred to as the “Dec” or “Dec page.”

A Quick Guide to Understanding Surplus Lines Forms

There are plenty of forms to navigate in the surplus lines industry. And keeping track of them can get confusing. That’s why we’ve created this quick guide to understanding surplus lines forms. This article will discuss a few of the forms used in surplus lines and their purpose.