Sec. 21.34.150. Surplus lines brokers may accept business from other brokers.
71 words·~1 min read·
/ak/title-21/chapter-34/21-34-150A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 21.34.150. Surplus lines brokers may accept business from other brokers.
A surplus lines broker licensed by this state may originate surplus lines insurance or accept surplus lines insurance from another surplus lines broker licensed by this state or a producing broker licensed by this state as to the kind and class of insurance involved. The surplus lines broker may compensate the producing broker or surplus lines broker for the insurance.