U.S. Surplus Lines Brokers Detailed on Lloyd’s Website
Lloyd’s has placed detailed information on U.S. surplus lines brokers on its Website www.lloyds.com/us. The information available will “help the market verify the license details of surplus lines brokers.” The links go to state databases of licensed intermediaries.
“Surplus lines business must be exported via correctly licensed surplus lines brokers/agents,” said the bulletin. “Many U.S. states have online databases of licensed intermediaries including those with surplus lines licenses.
“This information will also assist brokers and underwriters when providing surplus lines license details to Xchanging. For further information on this requirement please refer to market bulletin Y3768 (76.0KB, pdf).”
The links presently available cover 41 states and the District of Columbia. Lloyd’s plans to add the remaining states soon.
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