surplus-lines-producer Practice Test

1Single Choice

Under the NAIC Non-Admitted Insurance Model Act (#4), surplus line insurance may be placed with an unauthorized insurer only after the producing broker has done which of the following?

A.Obtained prior written approval from the insured's primary commercial insurer
B.Made a diligent effort to place the coverage with admitted insurers and maintained documentation of that effort
C.Filed the policy form with the state insurance department for review
D.Received certification from the insurer that the risk is uninsurable in the admitted market

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