Surplus line

{
  "id": "MLC-T-INS-003251",
  "term": "Surplus line",
  "field": "Insurance and risk management",
  "definition": "A type of insurance coverage for risks that authorized or admitted insurers in a state are unwilling or unable to underwrite. This market provides coverage for unique, high-risk, or specialized exposures that do not fit standard insurance company guidelines. It is placed with non-admitted insurers through licensed surplus lines brokers.",
  "url": "https://mlchart.com/terminology/insurance/surplus-line/"
}