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Form BR-7 AFFIDAVIT BY ASSURED Affidavit # 20 I/We of do hereby state that in, 20, I/We directed my/our Insurance Broker to obtain insurance against certain risks as described herein. My/Our Insurance
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What is suplus lines affidavit?
Surplus lines affidavit is a form used to report details of surplus lines insurance transactions.
Who is required to file suplus lines affidavit?
Insurance companies and brokers who engage in surplus lines insurance transactions are required to file surplus lines affidavit.
How to fill out suplus lines affidavit?
Surplus lines affidavit can be filled out by providing information on surplus lines transactions, policy details, premium amounts, and other relevant details.
What is the purpose of suplus lines affidavit?
The purpose of surplus lines affidavit is to ensure compliance with regulations and provide transparency in surplus lines insurance transactions.
What information must be reported on suplus lines affidavit?
Information such as policy details, premium amounts, insured parties, and details of surplus lines transactions must be reported on surplus lines affidavit.
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