20-409. Recognized surplus lines


A. If after a hearing the director finds that a particular insurance coverage or
type, class or kind of coverage is not readily procurable from authorized insurers, the
director may by order declare such coverage or coverages to be recognized surplus lines
until the director's further order.


B. The order is subject to modification by the director. The director shall modify
any coverage if the director determines that the coverage is no longer entitled
to recognition as surplus lines after a hearing held on the director's initiative or on
the request of any insurance producer, surplus lines broker, broker, insurer, rating or
advisory organization, or other person.