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  • Producing Agent (retail Producer Or Surplus Lines Broker) Diligent Effort Affidavit

Get Producing Agent (retail Producer Or Surplus Lines Broker) Diligent Effort Affidavit

PRODUCING AGENT (RETAIL PRODUCER OR SURPLUS LINES BROKER) DILIGENT EFFORT AFFIDAVIT ( 105103, 105103.5, C.R.S., & Section 6 of Regulation 241) As a surplus lines broker, I have determined, or.

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The surplus lines tax rate for 2021 is 3% calculated on gross premiums and any fees charged by the insurer or the broker as part of the insurance transaction. There is no stamping fee.

The SL-2 form gives information about the coverage being placed and also details your efforts to place the risk with an admitted (licensed) California insurer. No binder will be issued. A notice will be sent to you asking you to submit completed and signed forms within 5 days.

What must a surplus line broker do before procuring insurance from a non admitted insurer? Perform a diligent search that establishes that three admitted insures have declined the risk or that fewer than three admitted insurers actually write the particular type of insurance sought.

There are no special requirements that a surplus line broker must satisfy before procuring insurance from a non admitted insurer.

The Nonadmitted and Reinsurance Reform Act (NRRA) of 2010 was enacted as part of the Dodd Frank Wall Street Reform and Consumer Protection Act. The bill included language to standardize the reporting, allocation and payment of nonadmitted insurance premium tax on multistate risks.

A Surplus Line Broker is a person who places insurance with non-admitted insurers, covering risks other than aircraft and certain marine and transportation risks.

Non-admitted insurers, also known as excess and surplus lines carriers, sell policies that aren't backed by your state. While they don't fall under traditional insurance regulations, many states do regulate non-admitted carriers. These regulations are usually less strict than those followed by admitted insurers.

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232