What restriction applies to individuals with a net worth greater than twenty-five million dollars regarding claims against the association?

Individuals with a net worth greater than twenty-five million dollars are not permitted to make a claim against the association. This restriction is in place to ensure that the surplus lines market is utilized primarily by those who genuinely need access to this coverage, which is often intended for risks that are unable to be placed in the standard insurance market. Those with a high net worth are generally seen as having the financial means to manage their own risks without relying on the support of the association.

This policy helps to prioritize the protection of consumers who may be vulnerable or unable to obtain necessary coverage through traditional means. The focus is on maintaining the integrity and intended purpose of the surplus lines market, rather than catering to those who have the financial capacity to absorb their losses independently.