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Get Surplus Lines Statement Sl-8 Form And Instruction
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How to fill out the Surplus Lines Statement SL-8 Form And Instruction online
This guide provides clear instructions on how to effectively fill out the Surplus Lines Statement SL-8 Form online. By following these steps, users can ensure they complete the form accurately and efficiently.
Follow the steps to fill out your Surplus Lines Statement SL-8 Form online.
- Click ‘Get Form’ button to access the Surplus Lines Statement SL-8 Form, opening it in your preferred online editor.
- Enter the name and address of the surplus lines broker in the corresponding field, ensuring to include the broker's Connecticut license number.
- Provide the details of the producing agent, including their name and Connecticut license number. Ensure this is accurate for compliance purposes.
- Complete the agency represented field along with the respective Connecticut license number.
- Indicate the name and location of the risk, being as specific as possible to ensure clarity.
- List the surplus lines insurer(s) including their NAIC number as required in sections 5a and 5b.
- Specify the kind of insurance being sought in section 6, along with limits in field 6a and a detailed risk description in field 6b.
- Identify whether the transaction is new business or a renewal in section 7, including the reason for placement in field 7b.
- Record the premium amount in section 8, specifying the term premium in field 8a and the policy period in field 8b.
- Respond to question 9 regarding the status of the risk with a yes or no and complete the broker and producer service fee fields.
- Ensure that the statement is signed by both the insured and the surplus lines broker for validation.
- Finally, save any changes made to the form, and download or print a copy as needed for your records.
Complete and submit your Surplus Lines Statement SL-8 Form online today.
Surplus lines brokers specialize in finding coverage for risks that standard insurers won't insure. Surplus lines brokers serve as intermediaries between regular agents and brokers and non-admitted insurers. A surplus lines broker must adhere to state surplus lines regulations.
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