Surplus Lines
The Maryland Insurance Administration monitors compliance with Surplus Lines submissions.
Even if you feel you know all there is to know about the Surplus Lines market, take a few moments to review the resources below.
Laws & Regulations
The Maryland statute was amended during the 2011 session to bring Maryland into compliance with the Nonadmitted and Reinsurance Reform Act.
Review Maryland's surplus lines law update (effective 7/1/11)Surplus Lines Regulation (currently being amended - 03/01/12)
Procedures for proper submissions
Exportable list (also see Q&A on responsibility for the affidavit)
Licensing
Surplus Lines licensing: Maryland accepts the NAIC Uniform Application for licensing Resident and Non-Resident Surplus Lines Producers and Business Entities. The Maryland Supplement, which can be downloaded here, is required for Individuals applying for Surplus Lines.
Surplus Lines applicants must submit a check or money order for $200 if the current Producer License is greater than one year from expiration, or $100 if the current Producer License is less than one year from expiration.
Resident Surplus Lines Producers must submit an original $10,000 surety bond (use the bond form supplied by the Maryland Insurance Administration).