[TX P&C] 20. Surplus Lines, Guaranty Protection and Residual Markets

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - The legal distinctions between admitted insurers and eligible surplus lines carriers in Texas. - Statutory guaranty association limits, exclusions, and Chapter 462 eligibility rules. - Placement restrictions, diligent search exceptions, and surplus lines licensing rules. - The required Section 981.101 disclosure warning on surplus lines documents. - Program-specific residual market mechanisms and Joint Underwriting Association roles. This independent prep episode is designed to help you master Texas property and casualty exam topics. Access practice materials at https://open-exam-prep.com/practice/tx-property-casualty and subscribe on YouTube at https://www.youtube.com/@Open-exam-prep . Sources checked: September 28, 2026 - https://tcss.legis.texas.gov/resources/IN/htm/IN.981.htm - https://tcss.legis.texas.gov/resources/IN/htm/IN.462.htm - https://www.tdi.texas.gov/agent/general-property-apply.html