§ 5023. Surplus lines insurance; authorized

Surplus lines insurance may be procured from non-admitted insurers, if:

(1) the insurance meets the conditions specified in section 5024 of this title;

(2) the insurance is placed through a licensed surplus lines broker;

(3) the insurer meets the conditions specified in section 5026 of this title; and

(4) all other requirements of this chapter are met. (Added 1979, No. 50, § 2; amended 1979, No. 197 (Adj. Sess.), § 2; 2001, No. 97 (Adj. Sess.), § 19.)