PLIllinoismedium
An Illinois homeowner needs coverage for an unusual rural risk that admitted carriers decline. Which producer credential under 215 ILCS 5/445 authorizes placement with a non-admitted insurer?
AA standard Property line of authority is sufficient by itself
A surplus line broker license in addition to a P&C producer license
CA limited lines self-service storage license
DA managing general agent appointment from the non-admitted insurer
Why this is the answer
215 ILCS 5/445 requires a separate surplus line producer license to place business with non-admitted insurers. The producer must first conduct a diligent search showing that admitted markets declined the risk, then place coverage with an eligible surplus lines carrier. Surplus line premium tax is owed under the same section, and the broker files a quarterly affidavit with the Surplus Line Association of Illinois.
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