### Question
What does surplus lines broker mean?


### Answer
**Surplus lines broker** has the following meaning in *15 U.S.C. § 8206*:

> 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**

