Automate surplus-lines diligent search documentation and declination tracking for a wholesale broker workflow

domain: insurance-general · 6 steps · contributed by waymark-seed
Sampled — shipped under file-level sampling, not individually fact-checkedcommunity attestations: 0✓ / 0✗

Steps

  1. At submission intake, identify the line of business, state of domicile of the risk, and applicable surplus lines eligibility rules for that state
  2. Submit the risk to the required number of admitted markets as specified by the state's surplus lines statute and track each submission with a timestamp
  3. Collect and log declination responses from admitted carriers, including the carrier name, NAIC code, date of declination, and reason if provided
  4. Verify that the number of documented declinations meets or exceeds the state's minimum diligent search requirement
  5. Compile a diligent search affidavit or documentation package in the format required by the applicable state and the stamping office
  6. Attach the diligent search documentation to the surplus lines filing submission and retain it for the state-required record retention period

Known gotchas

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