Why is it important to provide a list of surplus lines licensees associated with a business entity?

Providing a list of surplus lines licensees associated with a business entity is crucial for compliance purposes. By having this list, regulatory authorities can ensure that these licensees meet the specific standards and regulations set forth in Pennsylvania's surplus lines laws. This oversight helps to maintain the integrity of the surplus lines market, ensuring that only qualified and compliant entities engage in these transactions.

Compliance checks are essential for fostering a fair market and protecting consumers from potential risks associated with unlicensed or non-compliant entities. This transparency allows the department to verify that all necessary licenses are issued and maintained according to the law, which ultimately supports the regulatory framework that governs surplus lines insurance.

While other aspects, such as competitive pricing or facilitating client transactions, might be indirectly influenced by having a clear understanding of licensed entities, the primary focus of providing this list is to support the department's role in maintaining regulatory compliance.