Licensing/Registration: Surplus Lines Insurer
Initial Certification Required; Annual Recertification Unnecessary
Regulatory Bulletin 2017-05: Surplus lines brokers no longer need to annually recertify surplus lines insurers for retention on Arizona's List of Qualified Unauthorized Insurers ("White List").
While A.R.S. § 20-413 continues to require a surplus lines broker to file an initial certification to propose the addition of a foreign unauthorized insurer to Arizona's List of Qualified Unauthorized Insurers ("White List"), a broker no longer needs to annually recertify the insurer. A foreign surplus lines insurer shall remain on the White List unless the surplus lines insurer is removed from the list for the reasons set forth in Arizona law, including but not limited to those set forth in A.R.S. § 20-413(H).