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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
Begin by obtaining the necessary forms from the Montana insurance department or website. These forms typically include the surplus lines submission form and any supplementary documents required by the department.
02
Carefully read the instructions provided with the forms to ensure you understand the requirements and deadlines for submitting the surplus lines submission. Make a note of any supporting documents or information that may be needed.
03
Complete the surplus lines submission form accurately and completely. Provide all requested information, including policy details, insured's information, and details about the surplus lines broker involved in the transaction.
04
Attach any supporting documents required by the Montana insurance department. These may include copies of policies, invoices, or other relevant documentation.
05
Review the completed forms and supporting documents to ensure accuracy and compliance with the department's requirements. Make any necessary corrections or omissions before submitting.
06
Submit the completed forms and supporting documents to the Montana insurance department by the specified deadline. This can typically be done through mail or electronically, depending on the department's submission procedures.
07
Keep a copy of the submitted documents for your records. It's also advisable to maintain a record of the submission date and any correspondence with the insurance department regarding the surplus lines submission.

Who needs Montana surplus lines submission?

01
Insurance companies or brokers who are engaged in the placement of surplus lines insurance in Montana are required to submit a surplus lines submission.
02
Surplus lines brokers who are licensed to operate in Montana are responsible for ensuring the proper completion and submission of surplus lines submissions for each applicable insurance transaction.
03
Policyholders who are obtaining surplus lines insurance coverage through a non-admitted insurance company in Montana may also benefit from understanding the surplus lines submission process, as it can provide assurance of compliance with state regulations.
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Montana surplus lines submission is a report that provides details on insurance coverage that is placed with non-admitted insurance carriers.
Insurance producers or agents who place surplus lines insurance coverage in Montana are required to file the submission.
Montana surplus lines submission can typically be filled out online through the state's insurance department website or through designated electronic filing systems.
The purpose of montana surplus lines submission is to track and monitor non-admitted insurance placements for regulatory and oversight purposes.
Information such as policy details, premiums, insured parties, non-admitted carriers, and coverage types must be reported on montana surplus lines submission.
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