What is the role of the Surplus Lines Association of Georgia?

The Surplus Lines Association of Georgia plays a crucial role in supporting surplus lines brokers within the state. This organization primarily focuses on providing resources, information, and advocacy for its members. By serving as a centralized body, it helps brokers navigate the complexities of surplus lines insurance, ensuring they have access to the necessary tools and guidelines to effectively operate in this specialized market.

The association also engages in activities that promote the interests of surplus lines brokers at both state and national levels, helping to shape industry standards and policies. This advocacy role is key because surplus lines brokers often deal with unique risks and regulatory environments, making it vital for them to have a dedicated organization that represents their specific needs.

While licensing of surplus lines brokers and setting insurance premium rates are also important functions in the insurance industry, these tasks typically fall under the jurisdiction of state regulatory bodies rather than the Surplus Lines Association. Investigating fraudulent claims is another critical area of focus for different entities, such as state insurance departments or law enforcement, rather than an association dedicated to supporting brokers. The association's emphasis on resources and advocacy clearly aligns with the needs of brokers, making it the correct choice.