Broker liability law could chill E&S market. (liability for nonadmitted insurers' unpaid claims; excess & surplus lines insurance): An article from: ... & Casualty-Risk & Benefits Management

This digital document is an article from National Underwriter Property & Casualty-Risk & Benefits Management, published by The National Underwriter Company on November 24, 1997. The length of the article is 1105 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: A National Assn of Insurance Commissioners working group is considering adding a provision that would make brokers responsible for nonadmitted insurers' unpaid claims to a model law. There is universal agreement within the insurance industry that brokers should be held liable for such claims, but only if they have acted fraudulently. Fortunately, regulators addressing this issue have indicated that they will limit brokers' responsibility for unpaid claims.

Citation Details
Title: Broker liability law could chill E&S market. (liability for nonadmitted insurers' unpaid claims; excess & surplus lines insurance)
Author: Kurt C. Bingeman
Publication:National Underwriter Property & Casualty-Risk & Benefits Management (Magazine/Journal)
Date: November 24, 1997
Publisher: The National Underwriter Company
Volume: v101 Issue: n47 Page: p47(2)

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