Who is authorized to write surplus lines insurance in Colorado?

In Colorado, the authorization to write surplus lines insurance is specifically granted to non-admitted insurers that are included on the Colorado Surplus Lines Insurers List. These non-admitted insurers are not licensed to operate within the state's insurance market but may provide coverage for risks that admitted insurers are unwilling to insure, often due to higher risks or unusual circumstances.

The Surplus Lines Insurers List serves as a regulatory tool to ensure that while non-admitted insurers can write this specialized coverage, they must still meet certain standards set by the state. This helps maintain a level of oversight and accountability for the companies offering surplus lines insurance, ensuring that they are qualified and financially solvent to handle the risks they are insuring.

Other options do not align with Colorado's regulations: admitted insurers cannot provide surplus lines insurance; all insurance agents do not automatically have the authority to write surplus lines without specific licenses; and insurance providers must be specifically designated as non-admitted insurers on the approved list to write surplus lines. Thus, the correct choice reflects the regulatory framework established for surplus lines insurance in Colorado.