Which of the following is NOT a requirement for a surplus lines insurer to be eligible?

A surplus lines insurer must meet certain criteria to be considered eligible to operate in the surplus lines market. One critical requirement is that the insurer must be authorized to write specific types of insurance in its domestic jurisdiction. This ensures that the insurer is regulated at a certain level and meets the local requirements for maintaining solvency and adhering to legal standards.

Another aspect is the financial stability of the insurer, particularly a capital surplus of at least 15 million dollars, which demonstrates that the insurer has sufficient financial backing to cover potential claims. Additionally, if the insurer is domiciled outside of the United States, it is required to be listed on the Quarterly Listing of Alien Insurers. This listing serves as a reference for surplus lines brokers and ensures that the insurer meets defined standards to protect consumers.

The option that states the insurer must write all forms of insurance available in its jurisdiction is not a requirement. Surplus lines insurers are typically utilized to provide coverage for risks that are difficult to place in the standard market. Therefore, it is unnecessary for them to write every form of insurance; they can focus on specialized areas or lines for which they have coverage that cannot be readily obtained from admitted insurers.