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MONTANA SURPLUS LINES SUBMISSION FORM (Excludes Independently Procured Policies) NOTICE: Complete entire submission form. Do not leave any blanks. Write NA if any question is not applicable. Incomplete
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How to fill out montana surplus lines submission

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How to fill out Montana surplus lines submission:

01
Determine if your insurance transaction qualifies for the surplus lines market. Surplus lines insurance is typically used when the coverage is not available through the traditional admitted insurance market.
02
Obtain the necessary forms from the Montana Insurance Department website or from an authorized surplus lines broker. These forms will vary depending on the specific type of insurance being sought.
03
Fill out the required information on the forms accurately and completely. This may include details about the insured party, the type and amount of coverage needed, and any additional comments or special instructions.
04
Include any supporting documents or materials that may be required, such as any previous declination notices from an admitted insurer or additional underwriting information.
05
Submit the completed forms and any supporting documents to the appropriate party as specified on the forms. This may be the surplus lines broker, the insurance company, or the Montana Insurance Department.
06
Pay any required fees or premiums associated with the surplus lines policy. These fees will vary based on the specific insurance transaction and are often regulated by the state.
07
Keep a copy of the completed forms and any supporting documents for your records.

Who needs Montana surplus lines submission?

01
Individuals or businesses seeking insurance coverage that is not available through the traditional admitted insurance market may need to submit a surplus lines submission in Montana.
02
Surplus lines brokers who are responsible for placing insurance coverage through the surplus lines market may also need to complete and submit these forms on behalf of their clients.
03
The Montana Insurance Department requires surplus lines agents and insurers to submit certain documentation as part of their regulatory compliance, thus requiring them to complete the surplus lines submission process.
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Montana surplus lines submission is a report that must be filed by insurance companies to the state's insurance regulatory authority regarding surplus lines insurance policies.
Insurance companies and licensed surplus lines brokers are required to file montana surplus lines submission.
Montana surplus lines submission can be filled out electronically through the state's online portal or by submitting a paper form with the required information.
The purpose of montana surplus lines submission is to provide the state with information on surplus lines insurance policies being underwritten in Montana.
Information such as policyholder details, coverage amount, premium amount, and the surplus lines insurer must be reported on montana surplus lines submission.
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