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 Statement of Diligent Effort Form PDF 2017-2024

2017-2024 Form

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welcome to ilsa's word of the week today's word okay phrase is diligent search you may also see the term diligent effort used diligent search is the good faith effort on the part of a producer or broker to place a risk with an admitted insurance company in a particular state before attempting to place it with a non-admitted or surplus lines carrier the exact number of declinations required varies by state but three is usual fast fact a producer must document the required declinations providing the name of the carrier and contact information for the person declining the risk as well as the date and reason that coverage was declined for more information about diligent search requirements and surplus lines compliance in general visit us at ilsanc.com and for more wow moments don't forget to click the subscribe button and ring the bell to be notified of new videos

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