44-5511. Surplus lines licensee; report; contents; when due.
155 words·~1 min read·
/ne/chapter-44/44-5511A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
On or before March 1 for the quarter ending the preceding December 31, June 1 for the quarter ending the preceding March 31, September 1 for the quarter ending the preceding June 30, and December 1 for the quarter ending the preceding September 30 of each year, every surplus lines licensee shall file with the department a report containing such information as the department may require, including:
(1)The name of the nonadmitted insurer;
(2)the name of the licensee;
(3)the number of policies issued by each nonadmitted insurer;
(4)except for insurance placed or procured on behalf of an exempt commercial purchaser, a sworn statement by the licensee with regard to the coverages described in the quarterly report that, to the best of the licensee's knowledge and belief, the licensee could not reasonably procure such coverages from an admitted insurer; and
(5)the premium volume for each nonadmitted insurer by line of business.