What is printed on the stamp given to the insured when purchasing surplus lines insurance?

When purchasing surplus lines insurance, the stamp signifies an important regulatory aspect of the coverage. The statement indicating that "This insurer is not licensed in the state of Hawaii" is crucial because it highlights the nature of surplus lines insurance. Such insurance typically involves insurers who do not have a formal license to operate in the state because they may focus on higher-risk coverages or specialized areas not readily available through admitted insurers.

This stamp serves as a warning and provides transparency to the insured about the status of the insurer, ensuring that policyholders are aware that they are dealing with a non-admitted carrier. Non-admitted insurers may have different regulatory oversight compared to licensed ones, so this stamp assures that consumers are informed about potential differences in protections.

Other options do not accurately reflect the specifics surrounding surplus lines insurance as recognized in Hawaii's insurance laws. For instance, non-renewable status, adherence to all state regulations, and premium guarantees are not universally applicable traits of surplus lines insurance policies, thus making them less relevant in this context.