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SURPLUS LINES (C) TASK FORCE Surplus Lines © Task Force Aug. 5, 2020, Virtual National Meeting Minutes 2021 Proposed Charges (Attachment One) Blanks Proposal and Comment Letters Regarding Home State
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Anyone involved in the insurance industry, particularly those dealing with surplus lines coverage, may need to fill out a surplus lines c task form. This could include insurance agents, brokers, underwriters, or anyone responsible for managing and reporting surplus lines c tasks. Additionally, regulatory authorities and insurance companies may also require surplus lines c task forms to be filled out for compliance and reporting purposes.
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Surplus lines c task refers to the process of filing and reporting surplus lines insurance transactions that are not available in the standard market.
Surplus lines brokers or agents who facilitate the purchase of surplus lines insurance must file the surplus lines c task.
To fill out the surplus lines c task, brokers need to provide detailed information about the insured, the insurance policy, and the surplus lines carrier, following the specific state regulations.
The purpose of surplus lines c task is to ensure compliance with state regulations, provide transparency in surplus lines transactions, and help maintain oversight of the insurance market.
Information that must be reported includes the name of the insured, the type of coverage, the surplus lines insurer, the effective date, and any relevant premium details.
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