What is one of the goals of the surplus lines market?

The goal of the surplus lines market is primarily to provide alternatives for insurance coverage when standard markets are unable or unwilling to offer it. Surplus lines insurers often address unique or high-risk situations that traditional insurance carriers may find too risky or outside their underwriting guidelines. This allows businesses and individuals to obtain necessary coverage for specialized risks that would otherwise remain uninsured, thereby promoting flexibility and accessibility in the insurance marketplace.

In contrast, the other options suggest objectives that are counterproductive to the fundamental principles of a competitive insurance market. Eliminating all insurance companies would lead to a lack of options for consumers. Creating a monopoly on pricing conflicts with the nature of competitive markets where multiple providers offer varying rates. Lastly, ensuring that all insureds pay the same premium undermines the concept of risk assessment and individual underwriting, which are essential to fair pricing in insurance.