Which organization must a surplus lines alien insurer be listed with?

A surplus lines alien insurer must be listed with the International Insurers Department of the NAIC's Quarterly Listing of Alien Insurers for several reasons. This listing is critical because it identifies alien insurers that are authorized to conduct business, including surplus lines operations, in various states, including Louisiana.

Alien insurers are those that are based outside of the United States, and as such, they are subject to different regulatory standards compared to domestic insurers. The NAIC's Quarterly Listing provides essential information for state regulators, agents, and brokers to ensure that they are dealing with reputable insurers who have met the necessary criteria and obligations within the U.S. insurance market.

Having this information readily available helps to protect policyholders by ensuring that the surplus lines products they purchase are from insurers that have been vetted and approved. Without this listing, there would be greater risks associated with insuring through foreign entities that may not adhere to the same regulatory standards as domestic insurers. Thus, being listed with the NAIC's Quarterly Listing of Alien Insurers is an essential requirement for surplus lines alien insurers.