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Website. www.statenational.com. State National Headquarters. in Bedford, Texas. State National Companies, Inc., is a specialty provider of property and casualty insurance operating in two niche markets, Program Services and Lender Services. The company is licensed to do business in all 50 states and D.C.
The NRRA defines "nonadmitted insurance" as "any property and casualty insurance permitted to be placed directly or through a surplus lines broker with a nonadmitted insurer eligible to accept such insurance." [3] A nonadmitted insurer is an insurer not licensed or authorized to engage in the business of insurance in a state. [4]
In a 9 line surplus treaty the reinsurer would then accept up to $900,000 (9 lines). So if the insurance company issues a policy for $100,000, they would keep all of the premiums and losses from that policy. If they issue a $200,000 policy, they would give (cede) half of the premiums and losses to the reinsurer (1 line each). The maximum ...
Starr Insurance Companies (or Starr) is a marketing name for the operating insurance and travel assistance companies and subsidiaries of Starr International Company, Inc. and for the investment business of C. V. Starr & Co., Inc. and its subsidiaries. Starr is an insurance and investment organization with a presence on six continents; through ...
62nd Texas Legislature. Headquarters. 9120 Burnet Road. Austin, TX 78758. Coordinates. 30°22′32″N 97°43′38″W / 30.3756479°N 97.7271787°W / 30.3756479; -97.7271787. Website. tpciga.org. The Texas Property and Casualty Insurance Guaranty Association (TPCIGA) is the state-designated insurance guaranty association for ...
Surplus lines insurers do not generally participate in state guaranty funds, and insureds are therefore not protected by such funds. American International Group, Inc. Media:
Through its insurance brand, GAINSCO Auto Insurance, the company specializes in minimum-limits personal auto coverage and actively distributes its nonstandard personal auto products through independent retail agents across the United States. Its insurance company subsidiary (domiciled in Texas) is MGA Insurance Company, Inc.
As a result, condo owners and their associations in particular have been forced to use “surplus lines insurers to cover the remaining portion of a building’s hurricane exposure, and these ...