What is one purpose of surplus lines according to the insurance code?

Surplus lines insurance serves a significant purpose, particularly in providing coverage options for individuals and businesses that may not find adequate protection through standard insurance markets. The necessity for surplus lines arises when traditional insurers cannot meet the needs of certain high-risk or unique exposures. By facilitating access to specialized coverage, surplus lines help protect those seeking insurance, ensuring that they can find the necessary policies for their specific risks. This is vital in industries or situations where the risk factors are particularly challenging or outside the norm, ensuring that coverage is available where it might not otherwise exist.

Regarding the other choices, promoting profitability for insurance companies reflects a more financial-oriented perspective that doesn't encompass the primary consumer-focused goal of surplus lines. While permitting stable insurers to write surplus lines and establishing a system of regulation for orderly access are components of the surplus lines framework, they primarily serve to support the infrastructure and mechanisms of the insurance industry rather than directly addressing the needs of individuals seeking coverage. The core aim is to protect those in need of insurance by offering them viable options, which is best captured by the selected purpose.