E&S
Business & Finance abbreviation · Insurance
| Stands for | Excess and surplus lines |
|---|---|
| Categories | Business & Finance |
E&S stands for Excess and surplus lines, an insurance abbreviation.
Market for insuring risks that standard licensed (admitted) insurers decline, such as unusual businesses, high-hazard properties or new exposures, placed with non-admitted insurers through specially licensed surplus lines brokers.
Example: After two carriers dropped the wildfire-zone property, the broker placed it in the E&S market.
Usage notes
E&S insurers have more freedom in rates and forms but are not backed by state guaranty funds, and policyholders pay a surplus lines tax. Lloyd's of London syndicates are major E&S writers. The E&S market has grown rapidly as catastrophe risks rise.
Related abbreviations
More insurance abbreviations
- CTP – Compulsory third party insurance
- D&O – Directors and officers liability insurance
- DOI – Department of insurance
- DOL – Date of loss
- DP-3 – Dwelling property 3 special form
- E&O – Errors and omissions insurance
- EL – Employers' liability insurance
- EOI – Evidence of insurance
- EPLI – Employment practices liability insurance
- FIA – Fixed indexed annuity
- FNOL – First notice of loss
- FPI – Force-placed insurance