NO. R 00-12
SURPLUS LINES PLACEMENT LIST
On December 7, 2000, the director of the Division of Insurance
held a hearing pursuant to AS 21.06.180 - 21.06.230 to
receive testimony concerning the kinds of insurance for which
insureds generally are unable to secure coverage from admitted
insurers. Based on this testimony, the director will decide
whether to include types of coverage on the surplus lines
Findings of Fact
1. After consideration of the testimony, the director finds
that the following coverages listed below are currently unavailable
from the admitted market.
General liability and fire & allied lines for assisted
General liability for fire extinguisher sales/service
General liability for boat manufacturing/repair
General liability for oil field service of any size
Monoline hire & nonowned auto
Fire & allied lines for apartment buildings valued
Director & officers (D&O) for nonprofit public
D&O for new ventures
D&O for financially distressed nonprofits
General liability for computer repair/service
General liability for nursing homes
General liability for welding shops of any size
Monoline general liability for security guards regardless
of number of guards
Commercial auto liability greater than 100/300/50 for
drivers under 22
Commercial auto physical damage for driver under 22
2. The director finds that the admitted market availability
of the types of coverage that carry over from the prior surplus
lines placement list have not changed.
Conclusions of Law
1. At least once every 12 months, the director, after hearing
under AS 21.06.180 - 21.06.230, must issue an order listing
the kinds of insurance that may be placed with a nonadmitted
insurer that appears on the eligible list published under
AS 21.34.050. 3 AAC 25.040.
2. Under AS 21.34.020(3) and 3 AAC 25.030,
producing brokers must use due diligence to determine whether
the insurance is available from an admitted insurer. Due diligence
will be presumed if the producing broker affirms that
the coverage is on this list.
3. Nothing herein precludes the producing broker from applying
for an exception under AS 21.34.020(4) when coverage
is available in the admitted market.
IT IS ORDERED that the list that follows is the surplus lines
placement list to be used until a replacement order is issued.
This order replaces Order R99-06, issued December 14,
This order is effective January 10, 2001.
Dated this 10th day of January 2001, at Anchorage, Alaska.