Surplus lines insurance

{
  "id": "MLC-T-INS-003253",
  "term": "Surplus lines insurance",
  "field": "Insurance and risk management",
  "definition": "Coverage for risks that authorized or admitted insurers in a state are unwilling or unable to underwrite due to their unique nature, high hazard, or unusual characteristics. This insurance is placed with non-admitted insurers through specially licensed surplus lines brokers. It provides a market for specialized risks that do not fit standard underwriting guidelines, such as certain types of professional liability or unique property exposures.",
  "url": "https://mlchart.com/terminology/insurance/surplus-lines-insurance/"
}