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2017	4.2 Satisfied (26 Votes)
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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.

What is a 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.

What is a diligent effort form?

The purpose of this form is to document the diligent efforts made by a retail or producing agent to obtain insurance coverage. It serves as a record of the attempts and rejections encountered from authorized insurers.

What does diligent search mean?

The due diligence process involves thoroughly identifying, evaluating and verifying all available information on a person, company or entity. A due diligence check is especially important when youre hiring or considering prospective business partners or new commercial relationships.

What does diligent effort mean?

: characterized by steady, earnest, and energetic effort : painstaking. a diligent worker.

diligent effort form

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