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Insurers

In order to write surplus line business in California, insurers must either be on the LASLI (List of Approved Surplus Line Insurer) or must meet the eligibility requirements of California Insurance Code Section 1765.1.

Non-admitted insurers on the LASLI must demonstrate their financial stability, reputation and integrity; maintain a minimum of $45 million in capital and surplus at all times; have three years' seasoning (or qualify for an exception); have a valid license to transact insurance in their domicile; file financial information with the CDI; and adhere to specific capitalization, investment and solvency standards established under the California Insurance Code.

Insurers not on the LASLI may still write surplus line business in California, provided that they comply with the following requirements:

  • Foreign Insurers must maintain a minimum capital and surplus of $45 million and be authorized to transact the type of insurance in their state of domicile.
  • Alien Insurers must be included on the NAIC's Quarterly Listing of Alien Insurers and are licensed as an insurer in their domiciliary jurisdiction.
Information about the insurers on the LASLI can be found here.

Additional Information about the requirements to be added to the LASLI can be found in the California LASLI Filing Requirements Guide.