What is an Export List in surplus lines insurance?

In surplus lines insurance, an Export List is a compilation of specific coverages or classes of insurance that are designated by a regulatory authority, allowing these risks to be exported to non-admitted carriers without needing to meet the more stringent requirements typically necessary for the surplus lines market. This is important because it streamlines the process for obtaining coverage in situations where the admitted market may not provide viable options.

By permitting the export of certain classes without fulfilling the usual prerequisites—such as detailed justification of the risks and the declaration of attempts to secure coverage through licensed admitted carriers—the Export List helps facilitate access to specialized coverages more efficiently. This is particularly beneficial for policyholders with unique or complex risks that are often challenging to insure through traditional routes.

The other options, although they reference aspects of risks and insurance, do not accurately depict the purpose of the Export List. High-capacity risks, unique risks, and distressed risks do not reflect the mechanism through which certain coverages can be exported without complying with additional regulatory requirements.