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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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How to fill out the PRODUCING AGENT (RETAIL PRODUCER OR SURPLUS LINES BROKER) DILIGENT EFFORT AFFIDAVIT online

This guide provides a step-by-step approach to completing the PRODUCING AGENT DILIGENT EFFORT AFFIDAVIT online. Whether you are a retail producer or a surplus lines broker, this comprehensive guide will help ensure that you correctly fill out this important document.

Follow the steps to successfully fill out the affidavit.

  1. Select the ‘Get Form’ button to access the affidavit and open it in your chosen editor.
  2. In the first section, provide your name as the Producing Agent (Retail Producer or Surplus Lines Broker). Ensure that all details are filled accurately.
  3. Enter your current Colorado Producer License number in the designated field. This information is crucial for the legitimacy of the affidavit.
  4. Next, specify the name of your agency in the provided space.
  5. Indicate the type of coverage and provide a description of the risk being insured. This will help clarify the nature of your request.
  6. Identify the named insured by writing their name in the given section.
  7. Select whether this is a new or renewal policy by checking the appropriate box.
  8. List the names of three admitted insurers that you have approached for this line of business in the state. Enter them in the spaces provided, ensuring they are currently transacting business in Colorado.
  9. Sign the affidavit to affirm that the insurance is eligible for export, and provide your printed or typed name and the date of signature.
  10. Finally, ensure that this completed affidavit is saved correctly. You may choose to download, print, or share it as needed.

Complete your documents online to ensure compliance and ease of access.

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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
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
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
Privacy Notice
Legal Hub
Content Takedown Policy
Bug Bounty Program
About Us
Help Portal
Legal Resources
Blog
Affiliates
Contact Us
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
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 WorkFlow
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
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