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General

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The amount of gross premium a surplus line broker must report if premiums are billed and payable in installments shall be the amount of the installment premium itself, provided the amount and due date of each installment, or the basis for determining each installment, are identifiable in the policy or an endorsement. Refer to CIC section 1774(d).
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A surplus line insurer may be sued upon any cause of action arising in this state under any surplus line insurance contract made by it, or any evidence of insurance issued or delivered by the surplus line broker, pursuant to the procedures set forth in CIC sections 1610 to 1620.  Any policy or evidence of insurance issued by the surplus line insurer or the surplus line broker shall contain a provision which both states the substance of this section of the California Insurance Code, and designates the person to whom the Commissioner shall mail process.  Refer to CIC section 1772.
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The Standard Industrial Classification (SIC) codes classify establishments by the type of business in which they are primarily engaged. A list of the SIC codes can be found here; they are also found in the Standard Industrial Classification Manual. This manual classifies a variety of economic activities.  The contents are organized into eleven divisions: agriculture, mining, construction, manufacturing, transportation/public utilities, wholesale trade, retail trade, finance/insurance/real estate, services, public administration, and nonclassifiable establishments. Each division is subdivided into major groups, with a more detailed description of the activity.
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Effective 1/1/1996, the SLA began assigning SIC codes to all new and renewal policies. The SLA collects these data in order to provide legislators with a more accurate scope of the broad range of businesses that utilize the surplus line market.
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Coverage may be considered surplus line if insurance cannot be procured from admitted insurers who are a) admitted for the particular class or classes of business of insurance being written and b) who actually write the particular type of insurance in the insured’s home state.
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The Export List is a list of specific coverage types that can be exported to the surplus line market without the agent, broker, or surplus line broker having to conduct a diligent search of the admitted market.  If the type of risk appears on the Export List, a Diligent Search Report (SL-2) form is not required.

The current Export List can be found here.
 
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The premium charged to insure a particular risk should not be less than the lowest rate which would be accepted by any admitted insurer to insure that risk. Refer to CIC section 1763.