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Surplus Lines Disclosure Form Instructions This form is designed to provide guidance based on the statutory requirements for such form, and it has not been approved by the Florida Department of Financial
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How to fill out surplus lines disclosure form

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How to fill out surplus lines disclosure form

01
To fill out a surplus lines disclosure form, follow these steps:
02
Begin by entering the name of the insured, which is the person or entity that is being covered by the insurance policy.
03
Provide the policy number, which is a unique identifier for the insurance policy being issued.
04
Indicate the effective date of the policy, which is the date when coverage starts.
05
Specify the expiration date of the policy, which is the date when coverage ends.
06
Enter the name of the insurance company that is issuing the policy as well as its address.
07
Provide the name and contact information of the surplus lines broker, who is the intermediary between the insured and the insurance company.
08
State the nature of the risk being insured, which refers to the specific type of property or liability that is being protected.
09
Clearly describe the coverage being provided, including any limits or exclusions that apply.
10
Indicate the premium amount, which is the cost of the insurance policy.
11
Finally, make sure to review the completed form for accuracy and sign it to certify that the information provided is true and correct.

Who needs surplus lines disclosure form?

01
The surplus lines disclosure form is typically required in the insurance industry when dealing with non-admitted insurers.
02
It is needed by insurance agents, surplus lines brokers, and insured individuals or entities.
03
It ensures that the insured is aware that the insurance policy they are purchasing is not backed by a state guarantee fund and is offered with different terms and conditions compared to admitted insurers.
04
Different jurisdictions may have specific regulations regarding when and who needs to fill out a surplus lines disclosure form.
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The surplus lines disclosure form is a document that must be submitted by insurance brokers to state insurance departments when placing insurance coverage with non-admitted insurers.
Insurance brokers are required to file surplus lines disclosure form.
To fill out the surplus lines disclosure form, insurance brokers must provide information about the non-admitted insurer, insured party, coverage details, and other relevant information as required by the state insurance department.
The purpose of surplus lines disclosure form is to ensure transparency and compliance with state insurance regulations when placing coverage with non-admitted insurers.
Information that must be reported on surplus lines disclosure form includes details about the non-admitted insurer, insured party, coverage limits, premium amount, and other pertinent information as required by the state insurance department.
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