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The document is a Diligent Search Report required for insurance placements in California. It outlines the responsibilities of licensed individuals or organizations in conducting a thorough search for insurance coverage with admitted insurers. The report includes sections for detailing the insured's information, risk description, type of insurance, and the efforts made to secure coverage from at least three admitted insurers. It also addresses specific qualifications under California Insurance Code for various types of insurance, ensuring compliance and proper documentation.

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Versions	Form popularity	Fillable & printable
2004	4.9 Satisfied (411 Votes)
1995	4 Satisfied (40 Votes)

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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 an SL-1 form?

The SL-1 form is a one-page form that identifies the broker who placed the risk, the insured covered by the policy, and the surplus line insurer or insurers who wrote the policy. The purpose of this guide is to deconstruct the SL-1 form in its parts and focus on what is required for each section.

What do you call someone who writes insurance policies?

Direct writing agents are insurance producers who work exclusively for a single carrier. In the insurance industry, its also quite common to use the term captive agents to refer to direct writing agents. Either way, the terms refer to someone who sells the products of only one insurance carrier.

Which organization designs standard insurance policy forms?

The Insurance Services Office, Inc. (ISO) is an insurance advisory organization that provides actuarial, statistical, and policy language services for insurers. Commercial and Personal lines forms and endorsements drafted by ISO are considered by many to be the standard forms of the industry.

Who writes insurance policies?

0:12 2:37 When you see the term writing agent it essentially means an insurance agent or producer who has theMoreWhen you see the term writing agent it essentially means an insurance agent or producer who has the authority to bind coverage. Not all licensed insurance agents are writing agents.

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What are policy forms in insurance?

Policy form - The definitions, insuring agreement, exclusions, and conditions are typically combined into a single integrated document called a policy form. Some insurers call it a coverage form or coverage part.

What is an insurance policy form?

An insurance form is another name for an insurance policy, and it specifies what perils your home and belongings are insured against.

Who writes insurance policy forms?

Most standard insurance policy forms are developed by insurance advisory organizations, such as Insurance Services Office, Inc. (ISO), American Association of Insurance Services (AAIS), the Surety Association of America (SAA), and National Council on Compensation Insurance, Inc. (NCCI).

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