(a) This section applies if:
(1) an eligible surplus lines insurer has assumed a risk under this chapter; and
(2) the surplus lines agent who placed the insurance has received the premium for that risk.
(b) If a coverage question between the eligible surplus lines insurer and the insured arises regarding the assumed risk, the insurer is considered to have received the premium due for that coverage.
(c) The eligible surplus lines insurer is liable to the insured for any:
(1) loss covered by the insurance; and
(2) unearned premium payable to the insured on cancellation of the insurance.
(d) This section applies without regard to whether the surplus lines agent is indebted to the insurer regarding the insurance or for any other cause.
(e) An eligible surplus lines insurer that assumes a risk under this chapter subjects itself to this section.