Frequently asked questions

Q. What capital or size thresholds do you have for approval?
A. We treat each broker on its merits and review the financial standing in conjunction with the type, value and volume of business to be traded.

Q. Do you give risk transfer to UK Brokers?
A. For most brokers we have given risk transfer, however we generally do not permit brokers to cascade risk transfer down the chain.

Q. How does an insured gain access to Beazley products?
A. Through a licensed insurance agent/broker.

Q. How does a licensed agent/broker gain access to Beazley products?
A. By contacting the Broker Management Team brokercontact@beazley.com and completing a short appointment process, consisting of:

• Broker Agreement
• Producer Profile
• Proof of Errors & Omissions coverage
• Proof of required licensure

Q. Where can I go to find information on Surplus Lines insurance in a particular state?
A. Visit http://surplusmanual.eapdlaw.com/.

Q. Where can I go to find Surplus Lines tax rates in a particular state?
A. Visit http://surplusmanual.eapdlaw.com/.

Q. Does every state have an Approved Surplus Lines Insurer list, aka “white list”?
A. Many states do maintain a list. States that do not publish a list typically have requirements set forth that it is the surplus lines broker’s responsibility to ascertain the financial condition of the company. To see if a particular state has a published white list visit http://surplusmanual.eapdlaw.com/.. 

The Excess and Surplus Lines Laws In The United States (PDF) is provided by:

Edwards Angell Palmer & Dodge LLP
750 Lexington Avenue
New York, NY 10022
Phone: 212-308-4411
Web site: http://www.eapdlaw.com/home.aspx

If you would like future updates to this publication, or have any inquiries concerning this publication, please contact John Dearie at Edwards Angell Palmer & Dodge LLP. His email address is jdearie@eapdlaw.com.