Welcome to Compliance Dos & Don’ts, where experts share their licensing and compliance knowledge. Today, Brian Allen, Surplus Lines Supervisor for Insurance Licensing Services of America, Inc. (ILSA), shares his dos and don’ts for using Surplus Lines Export Lists. His secret for success: export lists help surplus lines producers avoid unnecessary diligent effort searches, but be sure to check the most current list. Products are added and removed from export lists all the time.
And if you only learn one thing from this podcast, let it be this: Know the diligent effort search requirements in each state where you plan to write surplus lines policies.