The legislature declares that insurance transactions with nonadmitted insurers are so affected with a public interest as to require regulation, taxation, supervision, and control of the transactions and matters relating to nonadmitted insurance. The purpose of this chapter includes
- (1) protection of persons seeking insurance in this state;
- (2) permission for surplus lines insurance to be placed with reputable and financially sound nonadmitted insurers and to be exported from this state under this chapter;
(3) establishment of a system of regulation that will
- (A) permit orderly access to surplus lines insurance in this state; and
- (B) encourage admitted insurers to provide new and innovative types of insurance and make them available to consumers in this state; and
- (4) protection of the revenues of this state.