Regards surplus lines insurers

This bill regulates how surplus lines brokers and agents in Ohio can place insurance with unauthorized insurers, which are companies not licensed to operate in the state. It establishes due diligence requirements, requiring agents to contact at least five authorized insurers before using surplus lines, unless specific exemptions apply. The bill also creates an insurance export list for coverages where no general market exists, allowing brokers to bypass due diligence for those specific items. Additionally, it mandates that brokers obtain signed statements from insureds acknowledging the risks of using unauthorized insurers and requires the insurance superintendent to analyze potential multistate compacts for surplus lines compliance.