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Get Statement Of Diligent Effort Completion Of This Form ...
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How to fill out the STATEMENT OF DILIGENT EFFORT COMPLETION OF THIS FORM online
Filling out the STATEMENT OF DILIGENT EFFORT is a critical requirement for confirming binding coverage. This guide will provide detailed instructions on how to complete the form online with ease and accuracy.
Follow the steps to complete the STATEMENT OF DILIGENT EFFORT form successfully.
- Click the ‘Get Form’ button to access the form and open it in the editor, where you can initiate your completion process.
- In the first section, enter your license number as the Producing Agent. This information identifies you in the process.
- Next, input the name of your agency. Ensure this is accurate, as it is vital for record-keeping.
- Specify the type of coverage you are seeking. Clearly describe the insurance needs relevant to your request.
- Provide the name of the insured party. Include all necessary details to ensure clarity in the agreement.
- List the authorized insurers from whom you attempted to obtain coverage. For each insurer, fill in the following details: - Person contacted: Name of the representative you spoke with. - Telephone number: The contact number of the insurer's representative. - Date of contact: When you reached out for coverage. - Reason for declination: Record the reasons provided by the insurer for not engaging in coverage.
- Repeat step 6 for each authorized insurer to ensure comprehensive documentation of your diligent efforts.
- Finally, sign the form as the Producing Agent and print or type your name directly below the signature. This confirms your compliance with the requirements.
- Once all sections are completed, you can save your changes, download a copy of the completed form, or print it for your records or submissions.
Complete your STATEMENT OF DILIGENT EFFORT online today for a smooth processing experience.
What is a Diligent Effort? Diligent effort means seeking coverage from and having been rejected by at least three admitted insurers currently writing the type of coverage documented in the rejections. The only exception is in the case of a residential structure that has a dwelling replacement cost of $700,000 or more.
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