What is a key requirement for the issuance of a surplus lines license?

A key requirement for the issuance of a surplus lines license is the successful application submission. This means that in order to obtain this specific licensing, an individual must complete and submit an application that meets the established criteria set by the state. This application typically includes details about the applicant's qualifications, any necessary background information, and payment of fees.

While prior industry experience, specialized training, and compliance with state insurance laws may be beneficial or required under certain circumstances for other types of insurance licenses, the successful submission of the application itself is fundamental and necessary for any applicant seeking to obtain a surplus lines license. Successfully navigating this application process demonstrates preparedness to handle the responsibilities of being a surplus lines broker and ensures that the applicant meets the essential standards before they can begin to operate legitimately in this area of insurance.