Fundamentals of Washington Surplus Lines Course

Length:  1 hour  |  Format: In-person  |  Fee: $150.00  |  CE Credits: 1  |  Course Date: TBD

Course Overview

This one-hour course provides a comprehensive introduction to surplus lines insurance, including its history, regulatory framework, and the unique role it serves within the broader insurance industry. Participants will gain practical insight into how surplus lines functions in Washington State and how industry partners work together to deliver coverage solutions for risks that fall outside the admitted market.

Who This Course is For

  • Washington insurance producers seeking a foundational understanding of surplus lines
  • Retail agents and brokers placing or supporting Washington surplus line business
  • Industry professionals preparing for Washington surplus lines licensing or compliance responsibilities
  • Insurance staff looking to better understand Washington’s non-admitted marketplace and regulatory framework
  • Anyone new to Washington surplus lines insurance

What You’ll Learn

  • The history and evolution of surplus lines insurance, from the 1850s through the Non-admitted and Reinsurance Reform Act (NRRA) of 2010
  • Key differences between admitted and non-admitted markets, including regulation, guaranty fund protection, and freedom of rate and form
  • The flow of surplus lines business between the insured, retail agent, wholesaler, and non-admitted insurer
  • The role, function, and mission of the Surplus Line Association of Washington within the state’s regulatory framework

Instruction & Format

This one-hour course is led by an experienced industry professional and provides a Washington-focused overview of surplus lines insurance, including its regulatory framework, market structure, and role in placing unique and hard-to-insure risks.

Continuing Education Credits

The Washington Office of the Insurance Commissioner has approved this course for one hour of Continuing Education credit.