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Surplus Lines

Surplus lines insurance contracts deal almost exclusively with business customers and are used to place insurance with companies that are not licensed in Minnesota. Surplus lines insurance brokers are licensed and regulated by the Department of Commerce.

  • Bulletin 2008-7 (.pdf)
    To all Surplus Lines producers licensed to do business in Minnesota regarding stamping fees and filings.
  • Checklist for Eligible and Ineligible Insurers (.pdf)
    Surplus Lines Checklist/Premium Tax.
  • U.S. domiciled surplus lines insurance carriers doing business in Minnesota do not need to be included on the eligibility list in order to write such coverage in Minnesota as long as the surplus lines carrier is licensed in its state of domicile to write the type of coverage being placed, and maintains a minimum of $15 million in capital and surplus. See Minn. Stat. 60A.206, subd. 3(b) and the Nonadmitted and Reinsurance Reform Act of 2010 (“NRRA”)
  • Surplus Lines Association of Minnesota
    This will link you to the Surplus Lines Association of Minnesota where you will find additional information.

Homeowners Insurance Threshold

Minnesota Statute §60A.201 Subdivision 2(c) requires that certain types of insurance be automatically presumed available from licensed insurance companies and therefore unavailable from surplus lines carriers.  Included in these types of insurance are homeowners and property insurance on owner-occupied dwellings if the value is less than a specified dollar threshold.  This dollar threshold was set at $500,000 when the original bill was enacted into law in 1981.  The Department of Commerce has adjusted it annually since then, based on the change in the consumer price index for the Minneapolis-St. Paul metropolitan area.

Based on the consumer price index for the Minneapolis-St. Paul metropolitan area, the revised statutory threshold is $1,461,000 (rounded to the nearest thousand).

Consumer Price Index for the Minneapolis-St. Paul Metropolitan Area

CPI-U Series ID: CUUSA211SA0

Year Index % Change Since 1980 60A.201 Threshold
1980 78.9 N/A $500,000
1981 88.6 12% $561,500
* * * *
1996 151.9 93% $962,611
1997 155.4 97% $984,791
1998 158.3 101% $1,003,169
1999 163.3 107% $1,034,854
2000 170.1 116% $1,077,947
2001 176.5 124% $1,118,504
2002 179.6 128% $1,138,504
2003 182.7 132% $1,157,795
2004 187.9 138% $1,190,748
2005 193.1 145% $1,224,000
2006 196.2 149% $1,243,000
2007 201.2 155% $1,275,000
2008 209.0 165% $1,324,000
2009 207.9 164% $1,317,000
2010 211.7 168% $1,342,000
2011 219.3 178% $1,390,000
2012 224.5 185% $1,423,000
2013 228.8 190% $1,450,000
2014 232.0 194% $1,470,000
2015 230.6 192% $1,461,000
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