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National Specialty Underwriters, Inc. (NSU) is licensed for Surplus Lines in all 50 states and the District of Columbia. As a wholesaler, NSU is responsible for making sure surplus lines filings are done accurately, timely and that all taxes are paid. We have invested in a full-time Compliance staff and will make all Surplus Lines filings. Due Diligence to place coverage with an admitted insurer must be made prior to approaching non-admitted markets. Surplus lines insurers may not compete directly with licensed insurers for business and should only write business that licensed insurers will not write. Coverage placed with a non-admitted carrier requires prompt state tax filings and state-mandated surplus lines disclosure wording on the binder, policies, endorsements, audits, cancellations and reinstatements. NSU will help eliminate the difficult and often complex process of obtaining Surplus Lines Tax information and ensure filing is in compliance and on time. We track updates on changes to filing regulations and service your Surplus Lines policies. |
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