What term refers to insurers that are determined ineligible for surplus lines placement?

The term that refers to insurers that are determined ineligible for surplus lines placement is known as the "Black List." This designation is used within the surplus lines insurance market to identify those insurers that do not meet the necessary criteria or standards set by regulatory authorities. These criteria can include financial stability, licensing issues, or general non-compliance with state regulations, which can make such insurers less reliable or trusted in the marketplace.

As a result, brokers and agents are typically advised to avoid placing business with these insurers, as doing so could pose risks, not only for the insurer in question but also for the policyholders and the broader insurance market. The "Black List" serves as an important regulatory measure to protect consumers and ensure that only qualified insurers are allowed to operate in the surplus lines market, thus promoting stability and trust within the industry.

In contrast, terms like "White List," "Red List," and "Green List" refer to different categorizations in insurance and other contexts, but they do not apply specifically to insurers deemed ineligible in the surplus lines market.