Dearie.Excess - Revision history

Graham: /* Domestic Surplus Lines Insurance Companies (DSLIs) - NEW for 2021.Spring */

2021-05-03T19:53:57Z

‎Domestic Surplus Lines Insurance Companies (DSLIs) - NEW for 2021.Spring

Graham: /* Domestic Surplus Lines Insurance Companies (DSLIs) - NEW for 2021.Spring */

2021-05-03T19:52:48Z

‎Domestic Surplus Lines Insurance Companies (DSLIs) - NEW for 2021.Spring

Graham: /* Domestic Surplus Lines Insurance Companies (DSLIs) - NEW for 2021.Spring */

2021-05-03T18:50:43Z

‎Domestic Surplus Lines Insurance Companies (DSLIs) - NEW for 2021.Spring

Graham: /* Intro */

2021-03-30T21:03:21Z

‎Intro

Graham: /* Intro */

2021-03-30T21:01:57Z

‎Intro

Graham: /* Domestic Surplus Lines Insurance Companies (DSLIs) - NEW for 2021.Spring */

2021-03-30T15:32:45Z

‎Domestic Surplus Lines Insurance Companies (DSLIs) - NEW for 2021.Spring

Graham: /* Intro */

2021-03-30T15:26:37Z

‎Intro

Graham: /* Domestic Surplus Lines Insurance Companies (DSLIs) - NEW for 2021.Spring */

2021-01-04T13:54:46Z

‎Domestic Surplus Lines Insurance Companies (DSLIs) - NEW for 2021.Spring

Graham: /* Domestic Surplus Lines Insurance Companies (DSLIs) - NEW for 2021.Spring */

2021-01-04T13:53:44Z

‎Domestic Surplus Lines Insurance Companies (DSLIs) - NEW for 2021.Spring

Graham: /* Domestic Surplus Lines Insurance Companies (DSLIs) - NEW for 2021.Spring */

2021-01-04T13:48:48Z

‎Domestic Surplus Lines Insurance Companies (DSLIs) - NEW for 2021.Spring

@@ Line 296: / Line 296: @@
 |}
-If this is still a little confusing, click for a ''[https://www.battleacts6us.ca/vanillaforum6us/discussion/261/0/#Form_Comment brief forum discussion]''. My answer contains another example to clarify the concept.
+If this is still a little confusing, click for a ''[https://www.battleacts6us.ca/vanillaforum6us/discussion/261/insurer-authorization-nrra-v-ds brief forum discussion]''. My answer contains another example to clarify the concept.
 ====Miscellaneous====

@@ Line 295: / Line 295: @@
 || '''Made-up story''': Alice-the-Actuary is CEO of a company that really wants to become a DSLI in North Dakota, its state of domicile. They were already an <u>eligible</u> surplus lines insurer in California ''(requirement #2)'' and her board of directors had already passed a <u>resolution</u> seeking to become a DSLI in North Dakota ''(requirement #3.)'' The problem was that in the previous year, their year-end PHS was only $14.9 million, just short of the $15 million minimum. Alice's leadership ability is awesome however, and she quietly and expertly guided her company to a PHS of over $<u>15</u> million by the end of the following year ''(requirement #1.)'' The only remaining obstacle was <u>approval</u> from Insurance Commissioner "Gordon". But this was not a problem at all because Alice has a great reputation with commissioner Gordon. Everyone loves Alice. :-)
 |}
 ====Miscellaneous====

@@ Line 293: / Line 293: @@
 :{| class='wikitable' style='background-color: navajowhite;'
 |-
-|| '''Made-up story''': Alice-the-Actuary is CEO of a company that really wants to become a DSLI in North Dakota. They were already an <u>eligible</u> surplus lines insurer in California ''(requirement #2)'' and her board of directors had already passed a <u>resolution</u> seeking to become a DSLI in North Dakota ''(requirement #3.)'' The problem was that in the previous year, their year-end PHS was only $14.9 million, just short of the $15 million minimum. Alice's leadership ability is awesome however, and she quietly and expertly guided her company to a PHS of over $<u>15</u> million by the end of the following year ''(requirement #1.)'' The only remaining obstacle was <u>approval</u> from Insurance Commissioner "Gordon". But this was not a problem at all because Alice has a great reputation with commissioner Gordon. Everyone loves Alice. :-)
+|| '''Made-up story''': Alice-the-Actuary is CEO of a company that really wants to become a DSLI in North Dakota, its state of domicile. They were already an <u>eligible</u> surplus lines insurer in California ''(requirement #2)'' and her board of directors had already passed a <u>resolution</u> seeking to become a DSLI in North Dakota ''(requirement #3.)'' The problem was that in the previous year, their year-end PHS was only $14.9 million, just short of the $15 million minimum. Alice's leadership ability is awesome however, and she quietly and expertly guided her company to a PHS of over $<u>15</u> million by the end of the following year ''(requirement #1.)'' The only remaining obstacle was <u>approval</u> from Insurance Commissioner "Gordon". But this was not a problem at all because Alice has a great reputation with commissioner Gordon. Everyone loves Alice. :-)
 |}

@@ Line 66: / Line 66: @@
 |}
-:* limits regulatory authority of surplus lines to the insured's (ceding entity's) <u>home state</u>
+:* limits regulatory authority of surplus lines to the customer's <u>home state</u>
 :* establishes <u>federal standards</u> for surplus lines regarding: ''premium taxes, insurer eligibility, commercial purchaser exemptions''

@@ Line 66: / Line 66: @@
 |}
-:* limits regulatory authority of surplus lines to the insured's (ceding insurer's) <u>home state</u>
+:* limits regulatory authority of surplus lines to the insured's (ceding entity's) <u>home state</u>
 :* establishes <u>federal standards</u> for surplus lines regarding: ''premium taxes, insurer eligibility, commercial purchaser exemptions''

@@ Line 277: / Line 277: @@
 ====Domestic Surplus Lines Insurance Companies (DSLIs) - NEW for 2021.Spring====
-Ian-the-Intern was surprised when he found out that a e a surplus lines carrier is generally not able to write surplus lines insurance in its state of domicile, but many states are changing their laws to allow for this. There are now 21 states that allow this and between 2011 and 2019 the number of DSLIs grew from 15 to 70, most being domiciled in Illinois and Delaware.
+Ian-the-Intern was surprised when he found out that a surplus lines carrier is generally not able to write surplus lines insurance in its state of domicile, but many states are changing their laws to allow for this. There are now 21 states that allow this and between 2011 and 2019 the number of DSLIs grew from 15 to 70, most being domiciled in Illinois and Delaware.
 :{| class='wikitable'