Welcome to Compliance Dos & Don’ts, where experts share their licensing and compliance knowledge. Today, ILSA’s Surplus Lines Supervisor, Brian Allen, shares his dos and don’ts for meeting circulation of risk – aka due diligence – requirements in Puerto Rico. His secret for success: Make PR’s website your first stop. (You’ll need to log in to the site.)
And if you only learn one thing from this podcast, let it be this: Due diligence is an essential part of surplus lines compliance, but each jurisdiction has its own procedural quirks.