What is the primary function of a surplus lines agent?

The primary function of a surplus lines agent is to place insurance coverage with non-admitted insurers. Non-admitted insurers are those that do not hold a license to operate in a specific state, but they are often used to provide coverage for risks that admitted insurers may find too risky or unconventional to insure. Surplus lines agents specialize in obtaining coverage that can't be found in the admitted market, thus giving insured parties access to a wider range of coverage options for unique or high-risk situations.

This role is critical because it allows businesses and individuals access to essential insurance products when standard insurers are unable or unwilling to underwrite certain risks. By working with non-admitted insurers, surplus lines agents can help facilitate insurance solutions that might include unique policies, specialty coverage, or higher limits than what might otherwise be available.