### Question
How is the term surplus lines broker defined?


### Answer
The term **surplus lines broker** is defined in *15 U.S.C. § 8206* as the following:

> an individual, firm, or corporation which is licensed in a State to sell, solicit, or negotiate insurance on properties, risks, or exposures located or to be performed in a State with nonadmitted insurers

#### Citation:
  - *15 U.S.C. § 8206*
  - Heading: **CHAPTER 108-STATE-BASED INSURANCE REFORM > SUBCHAPTER I-NONADMITTED INSURANCE**

