Special Lines' Surplus Line Broker

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A Special Lines' Surplus Line Broker is a person who places the following types of insurance with non-admitted insurers: A)Insurance against perils of navigation, transit or transportation upon hulls, freights or disbursements, or other ship owner interests; upon goods, wares, merchandise and all other personal property and interests therein, in course of exportation from or importation into any country or transportation coastwise, including transportation by land or water from point or origin to final destination and including war risks; and marine builder's risks, dry docks and marine railways, including insurance of ship repairer's liability, and protection and indemnity insurance, but excluding insurance covering bridges or tunnels; B) Aircraft insurance; and C) Insurance on property or operations of railroads engaged in interstate commerce. Qualifications: • Minimum Age: 18 years • Residency: California residency is not required • Experience: Must hold a Property Broker-Agent and Casualty Broker-Agent license in resident state • Entity Types: Individual and Business Entity Fees: Individual Application: $646 for Surplus line brokers who are only transacting on behalf of a licensed surplus line broker business entity; $1,296 for brokers who do not only transact on behalf of a special lines' surplus line broker business entity. Organization application: $1,296 (two year term) Renewal: $646 or $1,296 as noted above for two-year term Fingerprint processing fee: None Bond Information: Special lines' Surplus Line brokers who are only transacting on behalf of a licensed surplus line broker business entity are not required to file a bond. All other Special lines' Surplus Line Brokers must comply with the $10,000 bond requirement. For more information: http://www.insurance.ca.gov/0200-industry/0050-renew-license/0200-requirements/special-lines-surplus.cfm#act. Section 1760.5 of the California Insurance Code.