A person writes a check on a desk next to a laptop. (Credit: NIKCOA – stock.adobe.com)

With the increasing demand for niche, specialty insurance products driven in part by the "InsurTech" wave permeating the insurance underwriting, distribution and claims handling components of the commercial and personal lines insurance industry, excess and surplus lines insurance has become more popular than ever. Surplus lines insurance companies are not typically "admitted" in the U.S. jurisdictions where they place insurance policies, but rather are "eligible" to write insurance pursuant to the provisions of the Nonadmitted and Reinsurance Reform Act of 2010 (NRRA) and as further regulated under applicable state insurance law.

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