Posted March 7, 2025, The Surplus Lines Association of California posted a bulletin regarding licensing requirements for placing surplus lines insurance in California on behalf of a business entity licensee. The bulletin answers the following questions:

- Who is required to be licensed in California for surplus line transaction/placement for a business entity licensee? 
- What are the basic requirements for a licensed broker-agent to obtain an individual surplus line broker license?
- What are the potential penalties for transacting surplus line insurance without the required license?

Please see the attachment for more information.

Our compliance experts are constantly searching for and analyzing industry updates. Their findings are then recorded in the Regulatory Updates section of the Compliance Library to explain how the update impacts the insurance industry. If a change impacts an AgentSync product, this will be highlighted to inform you that the product is being updated to ensure you remain in compliance.