Kim Randall with Insurance Journal: California Export List Covers Record Number of Items

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The Export List is a list of coverages, maintained by the CDI, which are eligible for placement in the surplus line market without the necessity of a broker obtaining three declinations from the admitted market.

California’s Export List requires an administrative process, including gathering input from surplus lines insurers or brokers with request for items to be added to the list, proper notice of an item being potentially put on or off the list, and an official public hearing – a follow up hearing can also be requested.

Among those in the wholesale market who testified was Kim Randall, Executive Property Director with Worldwide Facilities, who noted that in California there is only one admitted carrier offering such policies with more than $10 million in limits.

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