Surplus lines broker

{
  "id": "MLC-T-INS-003252",
  "term": "Surplus lines broker",
  "field": "Insurance and risk management",
  "definition": "A licensed insurance broker authorized to place coverage with non-admitted insurers for risks that cannot be placed in the standard admitted market. These brokers specialize in finding coverage for unique or hard-to-place risks, often requiring specific expertise in the surplus lines market. They must comply with state-specific regulations regarding taxes and reporting for these placements.",
  "url": "https://mlchart.com/terminology/insurance/surplus-lines-broker/"
}