North Carolina Surplus Lines Act (Statutes)
The North Carolina Surplus Lines Act is a state law, codified in Chapter 58, Article 21 of the North Carolina General Statutes, that governs the placement of surplus lines insurance. This type of insurance is for risks that cannot be covered by admitted insurers in North Carolina. The act requires that a “diligent search” is made for coverage in the standard market before it can be placed with an eligible surplus lines insurer. Key aspects include licensing requirements for brokers and insurers, premium tax obligations, and the role of the North Carolina Surplus Lines Association (NCSLA).
View a downloadable version of the North Carolina Surplus Lines Act.
