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FINDLAW LEGAL DICTIONARY

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Surplus Line

surplus line adj

: of, relating to, or being insurance provided by a company not authorized to do business in the state except through a specially licensed broker NOTE: Surplus line insurance can only be purchased if efforts to acquire suitable insurance from authorized companies are unsuccessful.



Source: Merriam-Webster's Dictionary of Law ©1996. Merriam-Webster, Incorporated. Published under license with Merriam-Webster, Incorporated.