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In case of a dispute regarding the disclosure of information or the terms of coverage, the statement of fact serves as a key piece of evidence. It shows what information was disclosed to the insurer at the time of policy inception.
What is a diligent effort statement?
Diligent effort means seeking coverage from and having been rejected by at least three authorized insurers currently writing this type of coverage and documenting these rejections.
How do you use diligent effort in a sentence?
They made diligent efforts to carry out their programs.
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I have made a diligent effort first to place this coverage with authorized insurers, each of which is authorized in New Jersey to write insurance of the kind
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