Can a New Jersey resident write surplus lines insurance in another state without special authorization?

In order for a New Jersey resident to write surplus lines insurance in another state, they must be licensed in each state where they intend to operate. This is because surplus lines insurance is regulated at the state level, and each state has its own licensing requirements. The surplus lines market is meant to address the needs of insureds who require coverage not available in the standard market, but that does not exempt an individual from adhering to the licensing laws of the state they wish to transact business in.

Therefore, acquiring a proper license in each state ensures that the insurer is compliant with local regulations, understands the specific market conditions, and can fulfill all obligations to policyholders in that state. This requirement is crucial for maintaining the integrity and regulatory standards of the insurance industry across different jurisdictions.