§2004. Conditions for export
If certain insurance coverages cannot be procured from authorized insurers, such coverages, hereinafter designated "surplus lines," may be procured from unauthorized insurers, subject to the following conditions:
[PL 1969, c. 132, §1 (NEW).]
1.
The insurance must be procured through a licensed producer with surplus lines authority.
[PL 1997, c. 592, §50 (AMD).]
2.
The desired coverage is necessary for the adequate protection of a risk in the State.
[PL 1969, c. 132, §1 (NEW).]
3.
It may be written under the laws of this State by an authorized insurer.
[PL 1969, c. 132, §1 (NEW).]
4.
The insurance is not available after diligent effort has been made to place the coverage with authorized insurers.
[PL 1969, c. 132, §1 (NEW).]
SECTION HISTORY
PL 1969, c. 132, §1 (NEW). PL 1997, c. 592, §50 (AMD).