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Statement diligent effort

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The document is a 'Statement of Diligent Effort' used by retail or producing agents to document their attempts to obtain specific insurance coverage from at least three authorized insurers who have declined the coverage. It outlines the required information for each insurer contacted, including reasons for declination, and emphasizes the need for proper documentation to comply with surplus lines regulations.

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Versions	Form popularity	Fillable & printable
2017	4.2 Satisfied (26 Votes)
2006	4 Satisfied (51 Votes)
2000	4.6 Satisfied (60 Votes)

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What does being diligent mean?

Diligent comes from the Latin diligere, which means to value highly, take delight in, but in English it has always meant careful and hard-working. If youre a diligent worker, you dont just away at your job; you earnestly try to do everything right.

What is the meaning of diligent efforts?

careful and using a lot of effort: a diligent student.

How to fill out a statement of diligent effort?

How to fill out the Statement of Diligent Effort for Insurance Coverage? Enter your name, license number, and agency information. List at least three authorized insurers that were contacted. Provide contact details and the date of contact for each insurer. Document the reasons for declination for each insurer.

What is diligent effort?

Diligent Efforts means the carrying out of obligations in a sustained manner consistent with the efforts a party would be expected to devote (and which in no event shall be less than the level of effort and resources standard in the pharmaceutical industry for a company similar in size and scope to such party) to a

What is the sl2 form?

The Diligent Search Report commonly known as the SL-2 form documents the brokers or agents effort to obtain coverage for a particular risk in the admitted market before placing the risk with a non-admitted insurer.

statement of diligent effort

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What is a diligent search form?

A diligent search is surplus lines regulatory requirement. It establishes that coverage for a risk is unavailable from admitted insurers. The policy seeker must submit an affidavit confirming that an admitted carrier declined the risk. Diligent search is also known as diligent effort.