Rentvine Insurance LLC
Disclosures
Disclosures
General Disclosure: Rentvine Insurance products are administered by Rentvine Insurance LLC, dba Rentvine Insurance Agency LLC in Minnesota. Rentvine Insurance LLC is licensed as an insurance agency in applicable jurisdictions.
Disclaimer: The information on this Website is provided by Rentvine Insurance LLC for informational purposes only and is not an offer to sell, or a solicitation to buy, any particular insurance product. No insurance product is offered or will be sold in any state in which such offer or solicitation would be unlawful under the laws of such state. Not all insurance coverages or products are available in all states. This Website and its content are directed at persons having professional experience in the matters to which it relates. It is not intended to and does not constitute any communication, invitation or inducement to persons not having professional expertise in matters relating to investments or other business products or services that are the subject matter of this Website. Certain insurance products are not available other than through a licensed surplus lines broker and, in such instances, the insurance carrier is not licensed in the relevant U.S. jurisdictions.
Alabama Surplus Lines Disclosure
If your policy is placed with a surplus lines insurer, Alabama law requires the following information to be provided.
Required Alabama Notice
“This insurance is issued by an insurer not licensed by the State of Alabama and is not subject to its supervision. In the event of insolvency, losses will not be paid by the Alabama Insurance Guaranty Association.”
(Ala. Code §27-10-20)
Nonadmitted Insurer Status
Surplus lines insurers are not licensed by the State of Alabama and are not subject to the same regulatory oversight as admitted insurers.
No Guaranty Fund Protection
Alabama’s insurance guaranty fund does not apply to surplus lines insurance.
Taxes & Fees
Alabama surplus lines policies include applicable surplus lines premium taxes and fees as required by law.
Why Surplus Lines May Be Used
Surplus lines insurance is used when coverage cannot be obtained from licensed Alabama insurers after a diligent search.
Plain-Language Explanation
Surplus lines insurance provides access to coverage options not otherwise available in the admitted market but without guaranty fund protection.
Producer Compensation & Agency Relationship Disclosure (Alabama)
Rentvine Insurance LLC is licensed as an insurance agency in the State of Alabama.
Our Role
Unless otherwise disclosed in writing, Rentvine Insurance LLC generally acts as an agent of the insurance company.
How We Are Paid
We may receive compensation in one or more of the following ways:
- Commissions: Paid by insurers and included in your premium
- Contingent or Incentive Compensation: Based on business performance metrics
- Service Fees: If any, disclosed and agreed to prior to binding
Alaska Surplus Lines Disclosure
If your policy is placed with a surplus lines insurer, Alaska law requires the following information to be provided.
Required Alaska Notice
“This insurance is issued by an insurer not licensed by the State of Alaska and is not subject to its supervision. In the event of insolvency, losses will not be paid by the Alaska Insurance Guaranty Association.”
(Alaska Stat. §21.34.020)
Nonadmitted Insurer Status
Surplus lines insurers are not licensed by the State of Alaska. They are eligible surplus lines insurers but are not subject to the same regulatory oversight as admitted insurers.
No Guaranty Fund Protection
Claims under surplus lines policies are not protected by the Alaska Insurance Guaranty Association. Policyholders assume the risk of insurer insolvency.
Taxes & Fees
Alaska surplus lines policies include applicable surplus lines premium taxes and fees as required by state law.
Why Surplus Lines May Be Used
Surplus lines insurance is used when coverage cannot be obtained from insurers licensed in Alaska after a diligent search.
Plain-Language Explanation
Surplus lines insurers provide access to specialized or higher-risk coverage options that may not be available from admitted insurers, but these policies do not include guaranty fund protection.
Producer Compensation & Agency Relationship Disclosure (Alaska)
Rentvine Insurance LLC is licensed as an insurance agency in the State of Alaska.
Our Role
Unless otherwise disclosed in writing, Rentvine Insurance LLC generally acts as an agent of the insurance company, not as an independent broker representing you.
How We Are Paid
We may receive compensation in one or more of the following forms:
- Commissions: Paid by the insurance company and included in your premium
- Contingent or Incentive Compensation: Based on factors such as volume or profitability and not charged directly to you
- Service Fees: Any service fee charged will be disclosed and agreed to in advance
Arizona Surplus Lines Disclosure
If your policy is placed with a surplus lines insurer, Arizona law requires the following information to be provided.
Required Arizona Notice
“This insurance is issued pursuant to the Arizona Surplus Lines Law. The insurer is not licensed by the State of Arizona and is not subject to its supervision. In the event of insolvency, losses will not be paid by any Arizona insurance guaranty fund.”
(Arizona Revised Statutes §20-410)
Nonadmitted Insurer Status
Surplus lines insurers are not licensed by the Arizona Department of Insurance and Financial Institutions. They are eligible surplus lines insurers but are not subject to the same regulatory oversight as admitted insurers.
No Guaranty Fund Protection
Claims under surplus lines policies are not protected by the Arizona Property and Casualty Insurance Guaranty Fund. Policyholders assume the risk of insurer insolvency.
Taxes & Fees
Arizona surplus lines policies include applicable surplus lines premium taxes and fees as required by state law.
Why Surplus Lines May Be Used
Surplus lines insurance is used when coverage cannot be obtained from insurers licensed in Arizona after a diligent search.
Plain-Language Explanation
Surplus lines insurers provide coverage for specialized or higher-risk situations that admitted insurers may decline, but these policies do not include guaranty fund protection.
Producer Compensation & Agency Relationship Disclosure (Arizona)
Rentvine Insurance LLC is licensed as an insurance agency in the State of Arizona. We believe in transparency regarding how we are compensated and whom we represent.
Our Role
Unless otherwise disclosed in writing, Rentvine Insurance LLC generally acts as an agent of the insurance company, not as an independent broker representing you.
How We Are Paid
- Commissions: Paid by the insurance company and included in your premium.
- Contingent or Incentive Compensation: Based on factors such as volume or profitability and not charged directly to you.
- Service Fees: Any service fee charged will be disclosed and agreed to in advance.
Arkansas Surplus Lines Disclosure
Required Arkansas Notice
“This insurance is issued pursuant to the Arkansas Surplus Lines Insurance Law. The insurer is not licensed by the State of Arkansas and is not subject to its supervision. In the event of insolvency, losses will not be paid by the Arkansas Property and Casualty Insurance Guaranty Fund.”
(Arkansas Code §23-65-311)
Nonadmitted Insurer Status
Surplus lines insurers are eligible but not licensed or regulated as admitted insurers in Arkansas.
No Guaranty Fund Protection
Surplus lines policies are not covered by the Arkansas guaranty fund.
Taxes & Fees
Arkansas surplus lines policies are subject to applicable surplus lines premium taxes and fees.
Why Surplus Lines May Be Used
Surplus lines insurance is placed only after a diligent effort to obtain coverage from licensed Arkansas insurers.
Plain-Language Explanation
Surplus lines insurance allows access to coverage that is otherwise unavailable but carries additional risk due to the lack of guaranty fund protection.
Producer Compensation & Agency Relationship Disclosure (Arkansas)
Rentvine Insurance LLC is licensed as an insurance agency in Arkansas.
Our Role
We generally act as an agent of the insurance company unless we disclose otherwise in writing.
How We Are Paid
- Commissions: Paid by insurers and included in your premium.
- Contingent Compensation: Based on performance metrics.
- Service Fees: If any, will be disclosed and agreed to prior to binding.
Colorado Surplus Lines Disclosure
If your policy is placed with a surplus lines insurer, Colorado law requires the following information to be provided.
Required Colorado Notice
“This insurance is issued by an insurer not licensed by the State of Colorado and is not subject to its supervision. In the event of insolvency, losses will not be paid by the Colorado Insurance Guaranty Association.”
(Colorado Revised Statutes §10-4-110.8)
Nonadmitted Insurer Status
Surplus lines insurers are eligible but not licensed or regulated as admitted insurers in Colorado.
No Guaranty Fund Protection
Claims under surplus lines policies are not protected by the Colorado Insurance Guaranty Association.
Taxes & Fees
Colorado surplus lines policies include applicable surplus lines premium taxes and fees.
Why Surplus Lines May Be Used
Surplus lines coverage is placed when admitted insurers decline to provide the necessary coverage.
Plain-Language Explanation
Surplus lines insurers help fill coverage gaps but operate outside guaranty fund protections.
Producer Compensation & Agency Relationship Disclosure (Colorado)
Rentvine Insurance LLC is licensed as an insurance agency in Colorado.
Our Role
Unless disclosed otherwise, we act as an agent of the insurer, not as your independent broker.
How We Are Paid
- Commissions: Paid by insurers and included in your premium.
- Contingent or Incentive Compensation: May be received based on business or performance metrics.
- Service Fees: If any, will be disclosed and agreed to prior to binding.
Connecticut Surplus Lines Disclosure
If your policy is placed with a surplus lines insurer, Connecticut law requires the following information to be provided.
Required Connecticut Notice
“This insurance is issued by a surplus lines insurer not licensed by the State of Connecticut. In the event of insolvency, losses will not be paid by the Connecticut Insurance Guaranty Association.”
(Connecticut General Statutes §38a-743)
Nonadmitted Insurer Status
Surplus lines insurers are not licensed by the Connecticut Insurance Department and are not subject to the same regulatory standards as admitted insurers.
No Guaranty Fund Protection
Connecticut’s guaranty fund does not apply to surplus lines insurance.
Taxes & Fees
Surplus lines premium taxes and fees apply as required by Connecticut law.
Why Surplus Lines May Be Used
Surplus lines insurance is used when coverage cannot be obtained from licensed Connecticut insurers.
Plain-Language Explanation
Surplus lines policies provide flexibility and specialized coverage but carry added risk due to the lack of guaranty fund protection.
Producer Compensation & Agency Relationship Disclosure (Connecticut)
Rentvine Insurance LLC is licensed as an insurance agency in Connecticut.
Our Role
We typically act as an agent of the insurance company unless otherwise stated in writing.
How We Are Paid
- Commissions: Included in your premium
- Contingent or Incentive Compensation: Possible contingent compensation from insurers
- Service Fees: Any service fees disclosed and agreed to in advance
Delaware Surplus Lines Disclosure
If your policy is placed with a surplus lines insurer, Delaware law requires the following information to be provided.
Required Delaware Notice
“This insurance is issued pursuant to the Delaware Surplus Lines Insurance Law. The insurer is not licensed by the State of Delaware and is not subject to its supervision. In the event of insolvency, losses will not be paid by any Delaware insurance guaranty fund.”
(18 Del. C. §1905)
Nonadmitted Insurer Status
Surplus lines insurers are eligible but not licensed or regulated as admitted insurers in Delaware.
No Guaranty Fund Protection
Delaware’s insurance guaranty fund does not apply to surplus lines insurance.
Taxes & Fees
Applicable Delaware surplus lines taxes and fees apply.
Why Surplus Lines May Be Used
Surplus lines insurance is placed after a diligent search of admitted insurers.
Plain-Language Explanation
Surplus lines insurance allows access to coverage options not otherwise available but without guaranty fund protection.
Producer Compensation & Agency Relationship Disclosure (Delaware)
Rentvine Insurance LLC is licensed as an insurance agency in Delaware.
Our Role
Unless disclosed otherwise, we act as an agent of the insurer.
How We Are Paid
- Commissions: Paid by insurers
- Contingent or Incentive Compensation: Possible contingent compensation
- Service Fees: Disclosed service fees, if applicable
District of Columbia Surplus Lines Disclosure
If your policy is placed with a surplus lines insurer, District of Columbia law requires the following information to be provided.
Required District of Columbia Notice
“This insurance is issued by a surplus lines insurer not licensed by the District of Columbia and is not subject to its supervision. In the event of insolvency, losses will not be paid by the District of Columbia Insurance Guaranty Association.”
(D.C. Code §31-3305)
Nonadmitted Insurer Status
Surplus lines insurers are not licensed or regulated as admitted insurers in the District of Columbia.
No Guaranty Fund Protection
Claims under surplus lines policies are not protected by the DC Insurance Guaranty Association.
Taxes & Fees
District of Columbia surplus lines premium taxes and fees apply as required by law.
Why Surplus Lines May Be Used
Surplus lines insurance is used when coverage is unavailable from licensed DC insurers.
Plain-Language Explanation
Surplus lines insurers provide specialized coverage but without guaranty fund protection.
Producer Compensation & Agency Relationship Disclosure (District of Columbia)
Rentvine Insurance LLC is licensed as an insurance agency in the District of Columbia.
Our Role
We generally act as an agent of the insurance company unless otherwise disclosed in writing.
How We Are Paid
- Commissions: Included in your premium
- Contingent or Incentive Compensation: Possible contingent compensation
- Service Fees: Any service fees disclosed and agreed to prior to binding
Florida Surplus Lines Disclosure
If your policy is placed with a surplus lines insurer, Florida law requires the following information to be provided to you.
Required Florida Notice
“This insurance is issued pursuant to the Florida Surplus Lines Law. Persons insured by surplus lines carriers do not have the protection of the Florida Insurance Guaranty Act to the extent of any right of recovery for the obligation of an insolvent insurer.”
(Florida Statutes §626.924)
Nonadmitted Insurer Status
Surplus lines insurers are not licensed by the State of Florida. They are approved as eligible surplus lines insurers but are not subject to the same regulatory oversight as admitted insurers.
No Guaranty Fund Protection
If a surplus lines insurer becomes insolvent, the Florida Insurance Guaranty Association (FIGA) will not pay claims. Policyholders assume this insolvency risk.
Taxes & Fees
Florida surplus lines policies include:
- 4.94% surplus lines premium tax
- 0.06% service/inspection fee as required by the Florida Surplus Lines Service Office (FSLSO)
Why Surplus Lines May Be Used
Surplus lines insurance is used when the required coverage cannot be obtained from insurers licensed in Florida after a diligent search.
Plain-Language Explanation
Surplus lines insurers play an important role by offering coverage options not available in the admitted market, but these policies do not include guaranty fund protection.
Producer Compensation & Agency Relationship Disclosure (Florida)
Rentvine Insurance LLC is licensed as an insurance agency in the State of Florida (License #L121217).
Our Role
Unless we specifically disclose otherwise in writing, Rentvine Insurance LLC acts as an agent of the insurance company, not as an independent broker representing you.
How We Are Paid
- Commissions: Paid by the insurance company and included in your premium.
- Contingent or Incentive Compensation: Based on factors such as volume, profitability, or retention. These payments do not increase your premium.
- Service Fees: Any service fee charged will be disclosed and agreed to before coverage is bound.
Georgia Surplus Lines Disclosure
If your policy is placed with a surplus lines insurer, Georgia law requires the following information to be provided.
Required Georgia Notice
“This insurance is issued by an insurer not licensed by the State of Georgia and is not subject to its supervision. In the event of insolvency, losses will not be paid by the Georgia Insurers Insolvency Pool.”
(O.C.G.A. §33-5-25)
Nonadmitted Insurer Status
Surplus lines insurers are eligible but not licensed or regulated as admitted insurers in Georgia.
No Guaranty Fund Protection
Surplus lines insurance is not covered by Georgia’s guaranty fund.
Taxes & Fees
Applicable Georgia surplus lines premium taxes and fees apply.
Why Surplus Lines May Be Used
Coverage is placed on a surplus lines basis only after a diligent search of admitted insurers.
Plain-Language Explanation
Surplus lines insurers provide access to coverage otherwise unavailable but without guaranty fund protection.
Producer Compensation & Agency Relationship Disclosure (Georgia)
Rentvine Insurance LLC is licensed as an insurance agency in Georgia.
Our Role
We generally act as an agent of the insurance company unless otherwise disclosed in writing.
How We Are Paid
- Commissions: Paid by the insurer and included in your premium.
- Contingent or Incentive Compensation: May be received, based on business performance or other factors.
- Service Fees: If applicable, any fees will be disclosed and agreed to prior to binding coverage.
Hawaii Surplus Lines Disclosure
If your policy is placed with a surplus lines insurer, Hawaii law requires the following information to be provided.
Required Hawaii Notice
“This insurance is issued by an insurer not licensed by the State of Hawaii and is not subject to its supervision. In the event of insolvency, losses will not be paid by the Hawaii Insurance Guaranty Association.”
(Hawaii Revised Statutes §431:8-316)
Nonadmitted Insurer Status
Surplus lines insurers are not licensed or regulated as admitted insurers in Hawaii.
No Guaranty Fund Protection
Claims under surplus lines policies are not protected by Hawaii’s guaranty fund.
Taxes & Fees
Hawaii surplus lines premium taxes and applicable fees apply.
Why Surplus Lines May Be Used
Surplus lines insurance is used when coverage cannot be obtained from licensed Hawaii insurers.
Plain-Language Explanation
Surplus lines insurance allows access to specialized coverage with added insolvency risk.
Producer Compensation & Agency Relationship Disclosure (Hawaii)
Rentvine Insurance LLC is licensed as an insurance agency in Hawaii.
Our Role
Unless otherwise disclosed, we act as an agent of the insurer.
How We Are Paid
- Commissions: Paid by insurers.
- Contingent or Incentive Compensation: May be received, based on business performance or other factors.
- Service Fees: If applicable, any fees will be disclosed and agreed to prior to binding coverage.
Idaho Surplus Lines Disclosure
If your policy is placed with a surplus lines insurer, Idaho law requires the following information to be provided.
Required Idaho Notice
“This insurance is issued by an insurer not licensed by the State of Idaho and is not subject to its supervision. In the event of insolvency, losses will not be paid by the Idaho Insurance Guaranty Association.”
(Idaho Code §41-1217)
Nonadmitted Insurer Status
Surplus lines insurers are eligible but not licensed in Idaho.
No Guaranty Fund Protection
Idaho’s guaranty fund does not apply to surplus lines insurance.
Taxes & Fees
Applicable Idaho surplus lines premium taxes and fees apply.
Why Surplus Lines May Be Used
Surplus lines insurance is placed when admitted insurers decline the risk.
Plain-Language Explanation
Surplus lines insurers provide flexibility but without guaranty fund protection.
Producer Compensation & Agency Relationship Disclosure (Idaho)
Rentvine Insurance LLC is licensed as an insurance agency in Idaho.
Our Role
We act as an agent of the insurer unless disclosed otherwise.
How We Are Paid
- Commissions: Paid by insurers and included in your premium.
- Contingent or Incentive Compensation: May be received based on business performance metrics.
- Service Fees: Any fees will be disclosed and agreed to before binding coverage.
Illinois Surplus Lines Disclosure
If your policy is placed with a surplus lines insurer, Illinois law requires the following information to be provided.
Required Illinois Notice
“This insurance is issued by an insurer not licensed by the State of Illinois and is not subject to its supervision. In the event of insolvency, losses will not be paid by the Illinois Insurance Guaranty Fund.”
(215 ILCS 5/445)
Nonadmitted Insurer Status
Surplus lines insurers are not licensed or regulated as admitted insurers in Illinois.
No Guaranty Fund Protection
Illinois guaranty fund protection does not apply.
Taxes & Fees
Illinois surplus lines premium taxes and fees apply.
Why Surplus Lines May Be Used
Surplus lines insurance is used when coverage is unavailable from admitted insurers.
Plain-Language Explanation
Surplus lines insurance fills market gaps but carries added risk.
Producer Compensation & Agency Relationship Disclosure (Illinois)
Rentvine Insurance LLC is licensed as an insurance agency in Illinois.
Our Role
Unless otherwise disclosed, we act as an agent of the insurance company.
How We Are Paid
- Insurer-paid commissions
- Potential contingent compensation
- Disclosed service fees
Indiana Surplus Lines Disclosure
If your policy is placed with a surplus lines insurer, Indiana law requires the following information to be provided.
Required Indiana Notice
“This insurance is issued by an insurer not licensed by the State of Indiana and is not subject to its supervision. In the event of insolvency, losses will not be paid by the Indiana Insurance Guaranty Association.”
(Indiana Code §27-1-15.8)
Nonadmitted Insurer Status
Surplus lines insurers are eligible but not licensed in Indiana.
No Guaranty Fund Protection
Indiana’s guaranty fund does not cover surplus lines policies.
Taxes & Fees
Applicable Indiana surplus lines taxes and fees apply.
Why Surplus Lines May Be Used
Coverage is placed after a diligent search of admitted insurers.
Plain-Language Explanation
Surplus lines insurance provides coverage options not otherwise available.
Producer Compensation & Agency Relationship Disclosure (Indiana)
Rentvine Insurance LLC is licensed as an insurance agency in Indiana.
Our Role
We generally act as an agent of the insurer.
How We Are Paid
- Commissions
- Possible contingent compensation
- Disclosed service fees
Iowa Surplus Lines Disclosure
If your policy is placed with a surplus lines insurer, Iowa law requires the following information to be provided.
Required Iowa Notice
“This insurance is issued by an insurer not licensed by the State of Iowa and is not subject to its supervision. In the event of insolvency, losses will not be paid by the Iowa Insurance Guaranty Association.”
(Iowa Code §515I.6)
Nonadmitted Insurer Status
Surplus lines insurers are not licensed or regulated as admitted insurers in Iowa.
No Guaranty Fund Protection
Iowa’s insurance guaranty fund does not apply to surplus lines insurance.
Taxes & Fees
Iowa surplus lines policies include applicable surplus lines premium taxes and fees.
Why Surplus Lines May Be Used
Surplus lines insurance is placed when coverage cannot be obtained from licensed Iowa insurers.
Plain-Language Explanation
Surplus lines insurers provide coverage for specialized or higher-risk exposures but without guaranty fund protection.
Producer Compensation & Agency Relationship Disclosure (Iowa)
Rentvine Insurance LLC is licensed as an insurance agency in the State of Iowa.
Our Role
Unless otherwise disclosed, Rentvine Insurance LLC acts as an agent of the insurance company.
How We Are Paid
- Commissions: Included in your premium
- Contingent or Incentive Compensation: Based on performance factors
- Service Fees: If applicable, disclosed in advance
Kansas Surplus Lines Disclosure
If your policy is placed with a surplus lines insurer, Kansas law requires the following information to be provided.
Required Kansas Notice
“This insurance is issued by an insurer not licensed by the State of Kansas and is not subject to its supervision. In the event of insolvency, losses will not be paid by the Kansas Insurance Guaranty Association.”
(K.S.A. §40-246b)
Nonadmitted Insurer Status
Surplus lines insurers are not licensed or regulated as admitted insurers in Kansas.
No Guaranty Fund Protection
Kansas guaranty fund protection does not apply.
Taxes & Fees
Kansas surplus lines premium taxes and fees apply.
Why Surplus Lines May Be Used
Surplus lines insurance is placed when admitted insurers decline coverage.
Plain-Language Explanation
Surplus lines insurers provide access to otherwise unavailable coverage.
Producer Compensation & Agency Relationship Disclosure (Kansas)
Rentvine Insurance LLC is licensed as an insurance agency in Kansas.
Our Role
Unless otherwise disclosed, we act as an agent of the insurer.
How We Are Paid
- Commissions: Included in your premium
- Contingent or Incentive Compensation: Possible, based on performance metrics
- Service Fees: If applicable, disclosed in advance
Kentucky Surplus Lines Disclosure
If your policy is placed with a surplus lines insurer, Kentucky law requires the following information to be provided.
Required Kentucky Notice
“This insurance is issued by an insurer not licensed by the Commonwealth of Kentucky and is not subject to its supervision. In the event of insolvency, losses will not be paid by the Kentucky Insurance Guaranty Association.”
(KRS §304.10-131)
Nonadmitted Insurer Status
Surplus lines insurers are eligible but not licensed or regulated as admitted insurers in Kentucky.
No Guaranty Fund Protection
Kentucky’s insurance guaranty fund does not apply to surplus lines insurance.
Taxes & Fees
Applicable Kentucky surplus lines premium taxes and fees apply.
Why Surplus Lines May Be Used
Surplus lines insurance is used when coverage cannot be obtained from licensed Kentucky insurers after a diligent search.
Plain-Language Explanation
Surplus lines insurance provides access to coverage options that are otherwise unavailable but without guaranty fund protection.
Producer Compensation & Agency Relationship Disclosure (Kentucky)
Rentvine Insurance LLC is licensed as an insurance agency in Kentucky.
Our Role
Unless otherwise disclosed in writing, we act as an agent of the insurance company.
How We Are Paid
- Commissions: Paid by insurers
- Contingent or Incentive Compensation: Possible
- Service Fees: Disclosed, if applicable
Louisiana Surplus Lines Disclosure
If your policy is placed with a surplus lines insurer, Louisiana law requires the following information to be provided.
Required Louisiana Notice
“This insurance is issued by an insurer not licensed by the State of Louisiana and is not subject to its supervision. In the event of insolvency, losses will not be paid by the Louisiana Insurance Guaranty Association.”
(La. R.S. §22:432)
Nonadmitted Insurer Status
Surplus lines insurers are eligible but not licensed or regulated as admitted insurers in Louisiana.
No Guaranty Fund Protection
Louisiana’s guaranty fund does not apply to surplus lines insurance.
Taxes & Fees
Louisiana surplus lines policies include applicable premium taxes and fees as required by law.
Why Surplus Lines May Be Used
Surplus lines insurance is used when coverage cannot be obtained from licensed Louisiana insurers.
Plain-Language Explanation
Surplus lines insurance allows access to specialized coverage without guaranty fund protection.
Producer Compensation & Agency Relationship Disclosure (Louisiana)
Rentvine Insurance LLC is licensed as an insurance agency in Louisiana.
Our Role
We generally act as an agent of the insurer unless otherwise disclosed.
How We Are Paid
- Commissions: Paid by insurers
- Contingent or Incentive Compensation: Possible
- Service Fees: Disclosed in advance, if applicable
Maine Surplus Lines Disclosure
If your policy is placed with a surplus lines insurer, Maine law requires the following information to be provided.
Required Maine Notice
“This insurance is issued by an insurer not licensed by the State of Maine and is not subject to its supervision. In the event of insolvency, losses will not be paid by the Maine Insurance Guaranty Association.”
(24-A M.R.S. §2007)
Nonadmitted Insurer Status
Surplus lines insurers are eligible but not licensed or regulated as admitted insurers in Maine.
No Guaranty Fund Protection
Maine’s guaranty fund does not apply to surplus lines insurance.
Taxes & Fees
Applicable Maine surplus lines premium taxes and fees apply.
Why Surplus Lines May Be Used
Surplus lines insurance is placed when coverage cannot be obtained from licensed Maine insurers.
Plain-Language Explanation
Surplus lines insurance provides access to coverage options otherwise unavailable in the admitted market.
Producer Compensation & Agency Relationship Disclosure (Maine)
Rentvine Insurance LLC is licensed as an insurance agency in Maine.
Our Role
Unless otherwise disclosed, we act as an agent of the insurance company.
How We Are Paid
- Commissions: Included in your premium
- Contingent or Incentive Compensation: Possible contingent compensation
- Service Fees: Disclosed in advance, if applicable
Maryland Surplus Lines Disclosure
If your policy is placed with a surplus lines insurer, Maryland law requires the following information to be provided.
Required Maryland Notice
“This insurance is issued by an insurer not licensed by the State of Maryland and is not subject to its supervision. In the event of insolvency, losses will not be paid by the Maryland Property and Casualty Insurance Guaranty Corporation.”
(Md. Code, Insurance §3-327)
Nonadmitted Insurer Status
Surplus lines insurers are eligible but not licensed or regulated as admitted insurers in Maryland.
No Guaranty Fund Protection
Maryland’s guaranty fund does not apply to surplus lines insurance.
Taxes & Fees
Maryland surplus lines premium taxes and fees apply as required by law.
Why Surplus Lines May Be Used
Surplus lines insurance is used when coverage cannot be obtained from licensed Maryland insurers after a diligent search.
Plain-Language Explanation
Surplus lines insurers provide access to specialized or higher-risk coverage but without guaranty fund protection.
Producer Compensation & Agency Relationship Disclosure (Maryland)
Rentvine Insurance LLC is licensed as an insurance agency in Maryland.
Our Role
We generally act as an agent of the insurance company unless disclosed otherwise in writing.
How We Are Paid
- Commissions: Insurer-paid commissions
- Contingent or Incentive Compensation: Possible contingent or incentive compensation
- Service Fees: Any service fees disclosed and agreed to in advance
Michigan Surplus Lines Disclosure
If your policy is placed with a surplus lines insurer, Michigan law requires the following information to be provided.
Required Michigan Notice
“This insurance is issued by an insurer not licensed by the State of Michigan and is not subject to its supervision. In the event of insolvency, losses will not be paid by the Michigan Property and Casualty Guaranty Association.”
(Michigan Compiled Laws §500.1915)
Nonadmitted Insurer Status
Surplus lines insurers are eligible but not licensed or regulated as admitted insurers in Michigan.
No Guaranty Fund Protection
Michigan’s insurance guaranty fund does not apply to surplus lines insurance.
Taxes & Fees
Applicable Michigan surplus lines premium taxes and fees apply.
Why Surplus Lines May Be Used
Surplus lines insurance is used when coverage cannot be obtained from insurers licensed in Michigan.
Plain-Language Explanation
Surplus lines insurers provide access to coverage options not otherwise available but without guaranty fund protection.
Producer Compensation & Agency Relationship Disclosure (Michigan)
Rentvine Insurance LLC is licensed as an insurance agency in Michigan.
Our Role
Unless otherwise disclosed in writing, we act as an agent of the insurance company.
How We Are Paid
- Commissions: Paid by insurers
- Contingent or Incentive Compensation: Possible contingent or incentive compensation
- Service Fees: Any service fees disclosed and agreed to in advance
Minnesota Surplus Lines Disclosure
If your policy is placed with a surplus lines insurer, Minnesota law requires the following information to be provided.
Required Minnesota Notice
“This insurance is issued by an insurer not licensed by the State of Minnesota and is not subject to its supervision. In the event of insolvency, losses will not be paid by the Minnesota Insurance Guaranty Association.”
(Minnesota Statutes §60A.206)
Nonadmitted Insurer Status
Surplus lines insurers are eligible but not licensed or regulated as admitted insurers in Minnesota.
No Guaranty Fund Protection
Minnesota’s guaranty fund does not apply to surplus lines insurance.
Taxes & Fees
Applicable Minnesota surplus lines premium taxes and fees apply.
Why Surplus Lines May Be Used
Surplus lines insurance is placed when coverage cannot be obtained from licensed Minnesota insurers.
Plain-Language Explanation
Surplus lines insurance provides access to specialized coverage without guaranty fund protection.
Producer Compensation & Agency Relationship Disclosure (Minnesota)
Rentvine Insurance LLC is licensed as an insurance agency in Minnesota.
Our Role
We generally act as an agent of the insurer unless otherwise disclosed.
How We Are Paid
- Commissions: Insurer-paid commissions
- Contingent or Incentive Compensation: Possible contingent compensation
- Service Fees: Disclosed service fees
Missouri Surplus Lines Disclosure
If your policy is placed with a surplus lines insurer, Missouri law requires the following information to be provided.
Required Missouri Notice
“This insurance is issued by an insurer not licensed by the State of Missouri and is not subject to its supervision. In the event of insolvency, losses will not be paid by the Missouri Property and Casualty Insurance Guaranty Association.”
(RSMo §384.043)
Nonadmitted Insurer Status
Surplus lines insurers are eligible but not licensed or regulated as admitted insurers in Missouri.
No Guaranty Fund Protection
Missouri’s guaranty fund does not apply to surplus lines insurance.
Taxes & Fees
Missouri surplus lines premium taxes and fees apply as required by law.
Why Surplus Lines May Be Used
Surplus lines insurance is used when admitted insurers decline coverage.
Plain-Language Explanation
Surplus lines insurers fill coverage gaps but without guaranty fund protection.
Producer Compensation & Agency Relationship Disclosure (Missouri)
Rentvine Insurance LLC is licensed as an insurance agency in Missouri.
Our Role
Unless otherwise disclosed, we act as an agent of the insurance company.
How We Are Paid
- Commissions: Paid by the insurance company and included in your premium
- Contingent or Incentive Compensation: Possible contingent compensation
- Service Fees: Any service fees will be disclosed in advance
Montana Surplus Lines Disclosure
If your policy is placed with a surplus lines insurer, Montana law requires the following information to be provided.
Required Montana Notice
“This insurance is issued by an insurer not licensed by the State of Montana and is not subject to its supervision. In the event of insolvency, losses will not be paid by the Montana Insurance Guaranty Association.”
(Montana Code Annotated §33-2-321)
Nonadmitted Insurer Status
Surplus lines insurers are eligible but not licensed or regulated as admitted insurers in Montana.
No Guaranty Fund Protection
Montana’s guaranty fund does not apply to surplus lines insurance.
Taxes & Fees
Applicable Montana surplus lines premium taxes and fees apply.
Why Surplus Lines May Be Used
Surplus lines insurance is placed when coverage cannot be obtained from licensed Montana insurers.
Plain-Language Explanation
Surplus lines insurance allows access to coverage otherwise unavailable.
Producer Compensation & Agency Relationship Disclosure (Montana)
Rentvine Insurance LLC is licensed as an insurance agency in Montana.
Our Role
We act as an agent of the insurer unless otherwise disclosed.
How We Are Paid
- Commissions: Insurer-paid commissions
- Contingent or Incentive Compensation: Possible contingent compensation
- Service Fees: Disclosed service fees
Nebraska Surplus Lines Disclosure
If your policy is placed with a surplus lines insurer, Nebraska law requires the following information to be provided.
Required Nebraska Notice
“This insurance is issued by an insurer not licensed by the State of Nebraska and is not subject to its supervision. In the event of insolvency, losses will not be paid by the Nebraska Property and Liability Insurance Guaranty Association.”
(Neb. Rev. Stat. §44-5501)
Nonadmitted Insurer Status
Surplus lines insurers are eligible but not licensed or regulated as admitted insurers in Nebraska.
No Guaranty Fund Protection
Nebraska’s guaranty fund does not apply to surplus lines insurance.
Taxes & Fees
Nebraska surplus lines premium taxes and fees apply.
Why Surplus Lines May Be Used
Surplus lines insurance is used when coverage cannot be obtained from licensed Nebraska insurers.
Plain-Language Explanation
Surplus lines insurers provide coverage options not otherwise available.
Producer Compensation & Agency Relationship Disclosure (Nebraska)
Rentvine Insurance LLC is licensed as an insurance agency in Nebraska.
Our Role
Unless otherwise disclosed, we act as an agent of the insurance company.
How We Are Paid
- Commissions: Insurer-paid commissions
- Contingent or Incentive Compensation: Possible contingent compensation
- Service Fees: Disclosed service fees
New Hampshire Surplus Lines Disclosure
If your policy is placed with a surplus lines insurer, New Hampshire law requires the following information to be provided.
Required New Hampshire Notice
“This insurance is issued by an insurer not licensed by the State of New Hampshire and is not subject to its supervision. In the event of insolvency, losses will not be paid by the New Hampshire Insurance Guaranty Association.”
(N.H. Rev. Stat. Ann. §405:48)
Nonadmitted Insurer Status
Surplus lines insurers are eligible but not licensed or regulated as admitted insurers in New Hampshire.
No Guaranty Fund Protection
New Hampshire’s guaranty fund does not apply to surplus lines insurance.
Taxes & Fees
Applicable New Hampshire surplus lines premium taxes and fees apply.
Why Surplus Lines May Be Used
Surplus lines insurance is placed when admitted insurers decline coverage.
Plain-Language Explanation
Surplus lines insurance provides access to coverage without guaranty fund protection.
Producer Compensation & Agency Relationship Disclosure (New Hampshire)
Rentvine Insurance LLC is licensed as an insurance agency in New Hampshire.
Our Role
We generally act as an agent of the insurer unless otherwise disclosed.
How We Are Paid
- Commissions: Insurer-paid commissions
- Contingent or Incentive Compensation: Possible contingent compensation
- Service Fees: Disclosed service fees
New Jersey Surplus Lines Disclosure
If your policy is placed with a surplus lines insurer, New Jersey law requires the following information to be provided.
Required New Jersey Notice
“This insurance is issued by an insurer not licensed by the State of New Jersey and is not subject to its supervision. In the event of insolvency, losses will not be paid by the New Jersey Property-Liability Insurance Guaranty Association.”
(N.J.S.A. 17:22-6.71)
Nonadmitted Insurer Status
Surplus lines insurers are eligible but not licensed or regulated as admitted insurers in New Jersey.
No Guaranty Fund Protection
New Jersey’s guaranty fund does not apply to surplus lines insurance.
Taxes & Fees
New Jersey surplus lines premium taxes and fees apply as required by law.
Why Surplus Lines May Be Used
Surplus lines insurance is used when coverage cannot be obtained from licensed New Jersey insurers.
Plain-Language Explanation
Surplus lines insurers provide access to coverage options not otherwise available but without guaranty fund protection.
Producer Compensation & Agency Relationship Disclosure (New Jersey)
Rentvine Insurance LLC is licensed as an insurance agency in New Jersey.
Our Role
Unless otherwise disclosed in writing, we act as an agent of the insurance company.
How We Are Paid
- Commissions: Paid by insurers
- Contingent or Incentive Compensation: Possible contingent or incentive compensation
- Service Fees: Any service fees disclosed and agreed to in advance
New Mexico Surplus Lines Disclosure
If your policy is placed with a surplus lines insurer, New Mexico law requires the following information to be provided.
Required New Mexico Notice
“This insurance is issued by an insurer not licensed by the State of New Mexico and is not subject to its supervision. In the event of insolvency, losses will not be paid by the New Mexico Property and Casualty Insurance Guaranty Association.”
(N.M. Stat. Ann. §59A-14-27)
Nonadmitted Insurer Status
Surplus lines insurers are eligible but not licensed or regulated as admitted insurers in New Mexico.
No Guaranty Fund Protection
New Mexico’s guaranty fund does not apply to surplus lines insurance.
Taxes & Fees
Applicable New Mexico surplus lines premium taxes and fees apply.
Why Surplus Lines May Be Used
Surplus lines insurance is placed when coverage cannot be obtained from licensed New Mexico insurers.
Plain-Language Explanation
Surplus lines insurance provides access to specialized coverage without guaranty fund protection.
Producer Compensation & Agency Relationship Disclosure (New Mexico)
Rentvine Insurance LLC is licensed as an insurance agency in New Mexico.
Our Role
Unless otherwise disclosed in writing, we act as an agent of the insurance company.
How We Are Paid
- Commissions: Insurer-paid commissions
- Contingent or Incentive Compensation: Possible contingent or incentive compensation
- Service Fees: Disclosed service fees, if applicable
North Carolina Surplus Lines Disclosure
If your policy is placed with a surplus lines insurer, North Carolina law requires the following information to be provided.
Required North Carolina Notice
“This insurance is issued by an insurer not licensed by the State of North Carolina and is not subject to its supervision. In the event of insolvency, losses will not be paid by the North Carolina Insurance Guaranty Association.”
(N.C. Gen. Stat. §58-21-85)
Nonadmitted Insurer Status
Surplus lines insurers are eligible but not licensed or regulated as admitted insurers in North Carolina.
No Guaranty Fund Protection
North Carolina’s guaranty fund does not apply to surplus lines insurance.
Taxes & Fees
North Carolina surplus lines premium taxes and fees apply as required by law.
Why Surplus Lines May Be Used
Surplus lines insurance is used when coverage cannot be obtained from licensed North Carolina insurers after a diligent search.
Plain-Language Explanation
Surplus lines insurers provide access to coverage options otherwise unavailable.
Producer Compensation & Agency Relationship Disclosure (North Carolina)
Rentvine Insurance LLC is licensed as an insurance agency in North Carolina.
Our Role
We generally act as an agent of the insurer unless otherwise disclosed.
How We Are Paid
- Commissions: Insurer-paid commissions
- Contingent or Incentive Compensation: Possible contingent compensation
- Service Fees: Any service fees disclosed in advance
North Dakota Surplus Lines Disclosure
If your policy is placed with a surplus lines insurer, North Dakota law requires the following information to be provided.
Required North Dakota Notice
“This insurance is issued by an insurer not licensed by the State of North Dakota and is not subject to its supervision. In the event of insolvency, losses will not be paid by the North Dakota Insurance Guaranty Association.”
(N.D. Cent. Code §26.1-44-03)
Nonadmitted Insurer Status
Surplus lines insurers are eligible but not licensed or regulated as admitted insurers in North Dakota.
No Guaranty Fund Protection
North Dakota’s guaranty fund does not apply to surplus lines insurance.
Taxes & Fees
Applicable North Dakota surplus lines premium taxes and fees apply.
Why Surplus Lines May Be Used
Surplus lines insurance is placed when admitted insurers decline coverage.
Plain-Language Explanation
Surplus lines insurance provides flexibility without guaranty fund protection.
Producer Compensation & Agency Relationship Disclosure (North Dakota)
Rentvine Insurance LLC is licensed as an insurance agency in North Dakota.
Our Role
Unless otherwise disclosed, we act as an agent of the insurance company.
How We Are Paid
- Commissions: Insurer-paid commissions
- Contingent or Incentive Compensation: Possible contingent compensation
- Service Fees: Disclosed service fees
Ohio Surplus Lines Disclosure
If your policy is placed with a surplus lines insurer, Ohio law requires the following information to be provided.
Required Ohio Notice
“This insurance is issued by an insurer not licensed by the State of Ohio and is not subject to its supervision. In the event of insolvency, losses will not be paid by the Ohio Insurance Guaranty Association.”
(Ohio Rev. Code §3905.33)
Nonadmitted Insurer Status
Surplus lines insurers are eligible but not licensed or regulated as admitted insurers in Ohio.
No Guaranty Fund Protection
Ohio’s guaranty fund does not apply to surplus lines insurance.
Taxes & Fees
Ohio surplus lines premium taxes and fees apply as required by law.
Why Surplus Lines May Be Used
Surplus lines insurance is used when coverage cannot be obtained from licensed Ohio insurers.
Plain-Language Explanation
Surplus lines insurance fills coverage gaps but without guaranty fund protection.
Producer Compensation & Agency Relationship Disclosure (Ohio)
Rentvine Insurance LLC is licensed as an insurance agency in Ohio.
Our Role
We generally act as an agent of the insurer unless otherwise disclosed in writing.
How We Are Paid
- Commissions: Paid by insurers
- Contingent or Incentive Compensation: Possible contingent or incentive compensation
- Service Fees: Any service fees disclosed and agreed to in advance
Oklahoma Surplus Lines Disclosure
If your policy is placed with a surplus lines insurer, Oklahoma law requires the following information to be provided.
Required Oklahoma Notice
“This insurance is issued by an insurer not licensed by the State of Oklahoma and is not subject to its supervision. In the event of insolvency, losses will not be paid by the Oklahoma Property and Casualty Insurance Guaranty Association.”
(36 O.S. §1108)
Nonadmitted Insurer Status
Surplus lines insurers are not licensed by the State of Oklahoma and are not subject to the same regulatory oversight as admitted insurers.
No Guaranty Fund Protection
Oklahoma’s guaranty fund does not apply to surplus lines insurance.
Taxes & Fees
Oklahoma surplus lines policies include applicable premium taxes and fees as required by law.
Why Surplus Lines May Be Used
Surplus lines insurance is used when admitted insurers decline to provide the required coverage.
Plain-Language Explanation
Surplus lines insurance allows access to coverage otherwise unavailable but without guaranty fund protection.
Producer Compensation & Agency Relationship Disclosure (Oklahoma)
Rentvine Insurance LLC is licensed as an insurance agency in the State of Oklahoma.
Our Role
Unless otherwise disclosed in writing, Rentvine Insurance LLC acts as an agent of the insurance company.
How We Are Paid
- Commissions: Paid by insurers
- Contingent or Incentive Compensation: Where applicable
- Service Fees: If charged, disclosed and agreed to in advance
Rhode Island Surplus Lines Disclosure
If your policy is placed with a surplus lines insurer, Rhode Island law requires the following information to be provided.
Required Rhode Island Notice
“This insurance is issued by an insurer not licensed by the State of Rhode Island and is not subject to its supervision. In the event of insolvency, losses will not be paid by the Rhode Island Insurance Guaranty Association.”
(R.I. Gen. Laws §27-3-38)
Nonadmitted Insurer Status
Surplus lines insurers are eligible but not licensed or regulated as admitted insurers in Rhode Island.
No Guaranty Fund Protection
Rhode Island’s guaranty fund does not apply to surplus lines insurance.
Taxes & Fees
Applicable Rhode Island surplus lines premium taxes and fees apply.
Why Surplus Lines May Be Used
Surplus lines insurance is placed when coverage cannot be obtained from licensed Rhode Island insurers.
Plain-Language Explanation
Surplus lines insurance provides access to specialized coverage without guaranty fund protection.
Producer Compensation & Agency Relationship Disclosure (Rhode Island)
Rentvine Insurance LLC is licensed as an insurance agency in Rhode Island.
Our Role
Unless otherwise disclosed in writing, we act as an agent of the insurance company.
How We Are Paid
- Commissions: Insurer-paid commissions
- Contingent or Incentive Compensation: Possible contingent compensation
- Service Fees: Disclosed service fees
South Carolina Surplus Lines Disclosure
If your policy is placed with a surplus lines insurer, South Carolina law requires the following information to be provided.
Required South Carolina Notice
“This insurance is issued by an insurer not licensed by the State of South Carolina and is not subject to its supervision. In the event of insolvency, losses will not be paid by the South Carolina Property and Casualty Insurance Guaranty Association.”
(S.C. Code Ann. §38-45-30)
Nonadmitted Insurer Status
Surplus lines insurers are not licensed or regulated as admitted insurers in South Carolina.
No Guaranty Fund Protection
South Carolina’s guaranty fund does not apply to surplus lines insurance.
Taxes & Fees
South Carolina surplus lines premium taxes and fees apply.
Why Surplus Lines May Be Used
Surplus lines insurance is used when admitted insurers decline coverage.
Plain-Language Explanation
Surplus lines insurers provide access to coverage options not otherwise available.
Producer Compensation & Agency Relationship Disclosure (South Carolina)
Rentvine Insurance LLC is licensed as an insurance agency in South Carolina.
Our Role
We generally act as an agent of the insurer unless disclosed otherwise.
How We Are Paid
- Commissions: Commissions
- Contingent or Incentive Compensation: Possible contingent compensation
- Service Fees: Disclosed service fees
Tennessee Surplus Lines Disclosure
If your policy is placed with a surplus lines insurer, Tennessee law requires the following information to be provided.
Required Tennessee Notice
“This insurance is issued by an insurer not licensed by the State of Tennessee and is not subject to its supervision. In the event of insolvency, losses will not be paid by the Tennessee Insurance Guaranty Association.”
(Tenn. Code Ann. §56-14-107)
Nonadmitted Insurer Status
Surplus lines insurers are eligible but not licensed in Tennessee.
No Guaranty Fund Protection
Tennessee’s guaranty fund does not apply to surplus lines insurance.
Taxes & Fees
Applicable Tennessee surplus lines premium taxes and fees apply.
Why Surplus Lines May Be Used
Surplus lines insurance is placed after a diligent search of admitted insurers.
Plain-Language Explanation
Surplus lines insurance fills coverage gaps without guaranty fund protection.
Producer Compensation & Agency Relationship Disclosure (Tennessee)
Rentvine Insurance LLC is licensed as an insurance agency in Tennessee.
Our Role
Unless otherwise disclosed, we act as an agent of the insurance company.
How We Are Paid
- Commissions: Insurer-paid commissions
- Contingent or Incentive Compensation: Possible contingent compensation
- Service Fees: Disclosed service fees
Texas Surplus Lines Disclosure
If your policy is placed with a surplus lines insurer, Texas law requires the following information to be provided.
Required Texas Notice
“This insurance is issued by an insurer not licensed by the State of Texas and is not subject to its supervision. In the event of insolvency, losses will not be paid by the Texas Property and Casualty Insurance Guaranty Association.”
(Texas Insurance Code §981.105)
Nonadmitted Insurer Status
Surplus lines insurers are eligible but not licensed or regulated as admitted insurers in Texas.
No Guaranty Fund Protection
Texas guaranty fund protection does not apply to surplus lines insurance.
Taxes & Fees
Texas surplus lines policies include applicable premium taxes and stamping office fees as required by the Texas Surplus Lines Stamping Office.
Why Surplus Lines May Be Used
Surplus lines insurance is used when coverage cannot be obtained from licensed Texas insurers.
Plain-Language Explanation
Surplus lines insurance provides access to specialized or high-risk coverage but without guaranty fund protection.
Producer Compensation & Agency Relationship Disclosure (Texas)
Rentvine Insurance LLC is licensed as an insurance agency in Texas.
Our Role
Unless disclosed otherwise in writing, we act as an agent of the insurance company.
How We Are Paid
- Commissions: Included in your premium
- Contingent or Incentive Compensation: Possible contingent or incentive compensation
- Service Fees: Any service fees disclosed and agreed to in advance
Utah Surplus Lines Disclosure
If your policy is placed with a surplus lines insurer, Utah law requires the following information to be provided.
Required Utah Notice
“This insurance is issued by an insurer not licensed by the State of Utah and is not subject to its supervision. In the event of insolvency, losses will not be paid by the Utah Insurance Guaranty Association.”
(Utah Code §31A-15-103)
Nonadmitted Insurer Status
Surplus lines insurers are eligible but not licensed in Utah.
No Guaranty Fund Protection
Utah’s guaranty fund does not apply to surplus lines insurance.
Taxes & Fees
Utah surplus lines premium taxes and fees apply.
Why Surplus Lines May Be Used
Surplus lines insurance is placed when admitted insurers decline coverage.
Plain-Language Explanation
Surplus lines insurance provides access to coverage options not otherwise available.
Producer Compensation & Agency Relationship Disclosure (Utah)
Rentvine Insurance LLC is licensed as an insurance agency in Utah.
Our Role
We generally act as an agent of the insurer unless otherwise disclosed.
How We Are Paid
- Commissions: Insurer-paid commissions
- Contingent or Incentive Compensation: Possible contingent compensation
- Service Fees: Disclosed service fees
Virginia Surplus Lines Disclosure
If your policy is placed with a surplus lines insurer, Virginia law requires the following information to be provided.
Required Virginia Notice
“This insurance is issued by an insurer not licensed by the Commonwealth of Virginia and is not subject to its supervision. In the event of insolvency, losses will not be paid by the Virginia Property and Casualty Insurance Guaranty Association.”
(Va. Code §38.2-4805)
Nonadmitted Insurer Status
Surplus lines insurers are not licensed by the Commonwealth of Virginia and are not subject to the same regulatory oversight as admitted insurers.
No Guaranty Fund Protection
Virginia’s insurance guaranty fund does not apply to surplus lines insurance.
Taxes & Fees
Virginia surplus lines policies include applicable surplus lines premium taxes and fees.
Why Surplus Lines May Be Used
Surplus lines insurance is used when coverage cannot be obtained from insurers licensed in Virginia after a diligent search.
Plain-Language Explanation
Surplus lines insurers provide access to specialized coverage options that admitted insurers may not offer, but without guaranty fund protection.
Producer Compensation & Agency Relationship Disclosure (Virginia)
Rentvine Insurance LLC is licensed as an insurance agency in the Commonwealth of Virginia.
Our Role
Unless otherwise disclosed in writing, Rentvine Insurance LLC generally acts as an agent of the insurance company.
How We Are Paid
- Commissions: Paid by the insurance company and included in your premium
- Contingent or Incentive Compensation: Based on business performance metrics
- Service Fees: If any, disclosed and agreed to prior to binding
Washington Surplus Lines Disclosure
If your policy is placed with a surplus lines insurer, Washington law requires the following information to be provided.
Required Washington Notice
“This insurance is issued by an insurer not licensed by the State of Washington and is not subject to its supervision. In the event of insolvency, losses will not be paid by the Washington Insurance Guaranty Association.”
(RCW 48.15.130)
Nonadmitted Insurer Status
Surplus lines insurers are eligible but not licensed or regulated as admitted insurers in Washington.
No Guaranty Fund Protection
Washington’s guaranty fund does not apply to surplus lines insurance.
Taxes & Fees
Washington surplus lines premium taxes and fees apply as required by law.
Why Surplus Lines May Be Used
Surplus lines insurance is used when coverage cannot be obtained from licensed Washington insurers.
Plain-Language Explanation
Surplus lines insurers provide access to specialized coverage without guaranty fund protection.
Producer Compensation & Agency Relationship Disclosure (Washington)
Rentvine Insurance LLC is licensed as an insurance agency in Washington.
Our Role
Unless otherwise disclosed in writing, we act as an agent of the insurance company.
How We Are Paid
- Commissions: Commissions
- Contingent or Incentive Compensation: Possible contingent compensation
- Service Fees: Disclosed service fees
West Virginia Surplus Lines Disclosure
If your policy is placed with a surplus lines insurer, West Virginia law requires the following information to be provided.
Required West Virginia Notice
“This insurance is issued by an insurer not licensed by the State of West Virginia and is not subject to its supervision. In the event of insolvency, losses will not be paid by the West Virginia Insurance Guaranty Association.”
(W. Va. Code §33-12C-16)
Nonadmitted Insurer Status
Surplus lines insurers are eligible but not licensed in West Virginia.
No Guaranty Fund Protection
West Virginia’s guaranty fund does not apply to surplus lines insurance.
Taxes & Fees
Applicable West Virginia surplus lines premium taxes and fees apply.
Why Surplus Lines May Be Used
Surplus lines insurance is placed when admitted insurers decline coverage.
Plain-Language Explanation
Surplus lines insurance provides access to coverage otherwise unavailable.
Producer Compensation & Agency Relationship Disclosure (West Virginia)
Rentvine Insurance LLC is licensed as an insurance agency in West Virginia.
Our Role
We act as an agent of the insurance company unless otherwise disclosed.
How We Are Paid
- Commissions: Insurer-paid commissions
- Contingent or Incentive Compensation: Possible contingent compensation
- Service Fees: Disclosed service fees
Wisconsin Surplus Lines Disclosure
If your policy is placed with a surplus lines insurer, Wisconsin law requires the following information to be provided.
Required Wisconsin Notice
“This insurance is issued by an insurer not licensed by the State of Wisconsin and is not subject to its supervision. In the event of insolvency, losses will not be paid by the Wisconsin Insurance Security Fund.”
(Wis. Stat. §618.41)
Nonadmitted Insurer Status
Surplus lines insurers are eligible but not licensed or regulated as admitted insurers in Wisconsin.
No Guaranty Fund Protection
Wisconsin’s guaranty fund does not apply to surplus lines insurance.
Taxes & Fees
Wisconsin surplus lines premium taxes and fees apply.
Why Surplus Lines May Be Used
Surplus lines insurance is used when coverage cannot be obtained from licensed Wisconsin insurers.
Plain-Language Explanation
Surplus lines insurance fills coverage gaps without guaranty fund protection.
Producer Compensation & Agency Relationship Disclosure (Wisconsin)
Rentvine Insurance LLC is licensed as an insurance agency in Wisconsin.
Our Role
Unless otherwise disclosed, we act as an agent of the insurer.
How We Are Paid
- Commissions: Insurer-paid commissions
- Contingent or Incentive Compensation: Possible contingent compensation
- Service Fees: Disclosed service fees
Wyoming Surplus Lines Disclosure
If your policy is placed with a surplus lines insurer, Wyoming law requires the following information to be provided.
Required Wyoming Notice
“This insurance is issued by an insurer not licensed by the State of Wyoming and is not subject to its supervision. In the event of insolvency, losses will not be paid by the Wyoming Insurance Guaranty Association.”
(Wyo. Stat. §26-11-104)
Nonadmitted Insurer Status
Surplus lines insurers are eligible but not licensed or regulated as admitted insurers in Wyoming.
No Guaranty Fund Protection
Wyoming’s guaranty fund does not apply to surplus lines insurance.
Taxes & Fees
Applicable Wyoming surplus lines premium taxes and fees apply.
Why Surplus Lines May Be Used
Surplus lines insurance is placed when admitted insurers decline coverage.
Plain-Language Explanation
Surplus lines insurance provides access to coverage options not otherwise available.
Producer Compensation & Agency Relationship Disclosure (Wyoming)
Rentvine Insurance LLC is licensed as an insurance agency in Wyoming.
Our Role
We generally act as an agent of the insurance company unless otherwise disclosed.
How We Are Paid
- Commissions: Insurer-paid commissions
- Contingent or Incentive Compensation: Possible contingent compensation
- Service Fees: Disclosed service fees
General Disclosure: Rentvine Insurance products are administered by Rentvine Insurance LLC, dba Rentvine Insurance Agency LLC in Minnesota. Rentvine Insurance LLC is licensed as an insurance agency in applicable jurisdictions.
Disclaimer: The information on this Website is provided by Rentvine Insurance LLC for informational purposes only and is not an offer to sell, or a solicitation to buy, any particular insurance product. No insurance product is offered or will be sold in any state in which such offer or solicitation would be unlawful under the laws of such state. Not all insurance coverages or products are available in all states. This Website and its content are directed at persons having professional experience in the matters to which it relates. It is not intended to and does not constitute any communication, invitation or inducement to persons not having professional expertise in matters relating to investments or other business products or services that are the subject matter of this Website. Certain insurance products are not available other than through a licensed surplus lines broker and, in such instances, the insurance carrier is not licensed in the relevant U.S. jurisdictions.
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