Articles & Resources

InsCipher

What is InsCipher? InsCipher is a software and services company that automates surplus lines filing and reporting as well as insurance license management. InsCipher’s surplus

Surplus Lines Tax 

What is Surplus Lines Tax? Surplus Lines taxes are a state tax associated with surplus lines premiums. These taxes vary from state to state and

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 surplus lines regulatory requirement. It establishes that coverage for a risk is unavailable from admitted insurers.

Affidavit 

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

Policy 

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

Binder

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

Endorsement

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

Underwriting 

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