• § 33-5-20 - Short Title
  This article shall constitute and may be referred to as "The Surplus Line Insurance Law."
• § 33-5-20.1 - Definitions
  As used in this article, the term: (1) "Exempt commercial purchaser" means any person purchasing commercial insurance that, at the time of placement, meets...
• § 33-5-21 - Authorization of Procurement of Surplus Line Insurance; Conditions; Procuring or Placing Nonadmitted Insurance for Exempt Commercial Purchaser
  (a) Surplus line insurance may be procured from unauthorized insurers subject to the following conditions: (1) The insurance must be procured through a licensed...
• § 33-5-21.1 - Application of Chapter 9 or Code Section 33-24-9
  Insurance placed in accordance with this article shall not be subject to the provisions of Chapter 9 of this title or Code Section 33-24-9.
• § 33-5-22 - Licensing of Surplus Line Brokers Generally
  A surplus lines broker shall be licensed in accordance with Code Section 33-23-37.
• § 33-5-23 - Revocation or Suspension of Broker's License
  (a) The Commissioner shall revoke any surplus line broker's license: (1) If the broker fails to file his quarterly affidavit or to remit the...
• § 33-5-24 - Acceptance and Placement of Business by Surplus Line Brokers Generally
  A licensed surplus line broker may accept and place surplus line business for any insurance agent or broker licensed in this state for the...
• § 33-5-25 - Broker to Ascertain Financial Condition of Unauthorized Insurer Prior to Placement of Insurance Therewith; Placement of Insurance With Foreign or Alien Insurers
  (a) The broker shall ascertain the financial condition of the unauthorized insurer before placing insurance with the unauthorized insurer and shall not place surplus...
• § 33-5-26 - Endorsement of Insurance Contract by Broker
  (a) Every insurance contract procured and delivered as a surplus line coverage shall be initialed by or bear the name of the surplus line...
• § 33-5-27 - Issuance to Insured by Broker of Evidence of Insurance; Issuance of Substitute Certificate or Endorsement; Delivery of Policy to Insured; Penalties
  (a) Upon placing a surplus line coverage, the broker shall promptly issue and deliver to the insured evidence of the insurance consisting either of...
• § 33-5-28 - Maintenance by Broker of Records of Policies Written or Renewed
  Each licensed surplus line broker shall keep in his office a separate account of each policy written or renewed showing the exact amount of...
• § 33-5-29 - Filing of Quarterly Affidavits by Surplus Line Brokers; Filing of Reports of Affairs and Operations by Brokers
  (a) Each surplus line broker shall file with the Commissioner, on a quarterly basis, an affidavit executed by the surplus line broker setting forth...
• § 33-5-30 - Validity and Enforceability of Contracts Procured As Surplus Line Insurance
  Insurance contracts procured as surplus line coverage from unauthorized insurers in accordance with this chapter shall be fully valid and enforceable as to all...
• § 33-5-31 - Payment by Broker of Tax for Privilege of Doing Business; Computation and Allocation of Tax
  (a) The surplus line broker shall remit to the Commissioner, on or before the fifteenth day of April, July, October, and January, at the...
• § 33-5-32 - Penalty for Failure to File Quarterly Affidavit or Remit Tax Within Time Prescribed by Law; Collection and Disposition of Penalty
  If any surplus line broker fails to file his or her quarterly affidavit or fails to remit the tax as provided by law within...
• § 33-5-33 - Filing of Report by Persons Procuring Insurance With Unauthorized Insurers; Levy, Collection, and Disposition of Tax by Persons Procuring Such Insurance
  (a) Every insured who in this state procures or causes to be procured or continues or renews insurance with an unauthorized insurer upon a...
• § 33-5-34 - Venue of Actions Against Unauthorized Insurers Issuing Surplus Line Policies; Service of Process; Filing of Pleading by Insurer
  (a) An action shall be brought against any unauthorized insurer under any contract issued by it as a surplus line contract pursuant to this...
• § 33-5-35 - Applicability of Article
  This article controlling the placing of insurance with unauthorized insurers shall not apply to reinsurance or to the following insurances when so placed by...

Last modified: October 14, 2016