The essence of the surplus lines market is that it is free from form and rate pre-approvals. The freedom from this approval system allows for a more quickly responsive market and more flexibility. The main issue here is time; even more so when the diligent search has been a lengthy process. The tailored forms are specifically designed to meet the needs of the consumer. Take a second and think of all the different unique and high risk industries. You may have one industry that makes lawn mowers and another that makes four wheelers. These two items are similar (both have four wheels, a motor ...ect). They both need high product liability limits. However, they are VERY different products. An example of an even more unique risk would be someone who makes and sells dynamite. Their risks are different from someone who just sells dynamite. If the customer had to wait for a new form to be approved every time a different company with similar product yet different risks presented itself they might never get coverage. Also, the surplus lines underwriting is not compatible to the underwriting in the admitted market. The consumer has the alternative market because the admitted market chose not to bear the burden of the loss. The risk did not fit in there underwriting guidelines, so they go to the surplus market for “broader” underwriting guidelines. In conclusion, it must be stated again that the surplus lines market is designed to help cover the risks that too high and unique right? So therefore you wouldn’t need a system that is also unique from the “cookie cutter” admitted market, such as freedom from rate and form filings.