Which transaction involves a Retail Producer with a Surplus Lines License directly procuring insurance?

A Retail Producer with a Surplus Lines License is specifically authorized to procure insurance from surplus lines insurers, which are carriers that offer coverage not available in the standard market. A Surplus Lines Transaction occurs when the producer seeks coverage for a client that cannot be found through admitted insurers, often due to unique risks or specialized needs that the standard market does not accommodate.

This option highlights the essential function of surplus lines insurance, which is utilized when conventional insurance options are insufficient or unavailable. By understanding the nature and purpose of surplus lines transactions, it becomes clear that they are distinct from general insurance transactions or standard market transactions, which deal with admitted insurers. High-capacity transactions, while related to large coverage amounts, do not specifically define the nature of the surplus lines market or the unique role that a Retail Producer with a Surplus Lines License plays in that context.