In what scenario is an Insured working with a Retail Producer and a Surplus Lines Intermediary?

The situation where an insured is working with both a retail producer and a surplus lines intermediary typically arises in the context of a surplus lines intermediary transaction. This kind of scenario occurs when the insurance coverage needed is not available through traditional standard or admitted carriers, often because the risk is unique, unusual, or exceeds the limits of what standard policies cover.

In this case, the retail producer acts as the intermediary between the insured and the surplus lines market. The surplus lines intermediary has access to non-admitted insurers that can provide coverage for these non-standard or high-risk situations. These types of transactions are specifically designed to address risks that mainstream insurers are unwilling to cover, therefore making the role of the surplus lines intermediary essential in finding appropriate coverage for the insured.

Other scenarios indicated in the question are typically associated with standard or commercial risks, where conventional insurance solutions are available, thus not necessarily requiring the involvement of a surplus lines intermediary.