In what name should a surplus lines license be issued?

A surplus lines license should be issued in the name of the individual applicant or business entity. This is important because the surplus lines license is a personal permission granted to a specific individual or organization authorizing them to engage in the business of placing insurance with non-admitted insurers. This means that the license identifies the who is allowed to conduct such transactions, ensuring that they possess the necessary qualifications, training, and compliance with state regulations.

Issuing the license in the name of the individual or business entity allows for accountability and traceability of insurance transactions, which is essential in maintaining a regulated and organized insurance market. This practice helps safeguard the interests of consumers by ensuring that only licensed professionals are handling surplus lines insurance.