excess and surplus (E&S) lines insurance
Excess and surplus (E&S) lines insurance is any type of coverage placed with a nonadmitted insurer. A nonadmitted insurer is an insurer who is not licensed to do business in a given state but legally allowed to provide coverage under certain conditions.
Additional Information
Risks placed in E&S lines may have characteristics that make it difficult to place in the standard market (e.g., adverse loss experience or unusual or high-hazard exposures). Captives sometimes qualify as E&S companies. Both primary and excess coverages can be purchased through the E&S market.
