Get Circular Letter No. 3 ( 1991 ): Forms Required By Section 2118 And ... " - Dfs Ny

Filling out the Circular Letter No. 3 (1991) requires attention to detail and understanding of specific forms related to excess line brokers. This guide provides step-by-step instructions to help users navigate the process efficiently.

Follow the steps to complete the Circular Letter No. 3 Forms.

1. Click ‘Get Form’ button to access the required forms and open them in your online editor.
2. Begin by reviewing Section 2118 and its associated regulations. Ensure you are familiar with the necessary forms required for your situation, including affidavit forms ELANY 768(89)A, B, and C.
3. Complete the affidavit in Part A of Form ELANY 768(89)A, which should include details about the insurance policy you are procuring, including the insured party’s information.
4. If applicable, complete Part C of the affidavit, which requires additional information from any other brokers involved in the transaction. Ensure that all relevant details are accurately filled in.
5. Prepare Form EL-1 if you are submitting an insurance policy to an unauthorized insurer. This form must be filed in duplicate with the New York State Insurance Department by March 15 of each year.
6. Attach Form EL-3 to the completed affidavit when the insurance policy covers property or risks both within and outside New York State. Ensure to follow the tax allocation instructions provided.
7. Once all forms are filled out completely, submit them together to the Excess Line Association of New York at the provided address within 45 days of the procurement date.
8. Finally, ensure to save any changes, and if necessary, download or print copies of the completed forms for your records.

Start gathering your documents and complete the Circular Letter No. 3 forms online today!