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1) One activity performed by many surplus lines stamping offices, or surplus lines associations, is to Establish and maintain relationships with retail brokers to promote
1) One activity performed by many surplus lines stamping offices, or surplus lines associations, is to
- Establish and maintain relationships with retail brokers to promote program business
- Advocate regulatory and legislative changes to improve access to surplus lines insurance
- Obtain the required number of declinations for each account submitted to a surplus lines insurer
- Pay annual licensing fees to ensure that surplus lines brokers' licenses remain in effect
2) In addition to general functions performed by surplus lines intermediaries, one of the additional functions of a wholesale broker is to
- Prepare complete submissions for surplus lines underwriters
- Collect premium taxes
- Provide counseling to identify loss exposures
- Maintain documentation
3) Which of the following members of the surplus lines marketing system has binding authority from the surplus lines insurers that it represents?
- Managing general agents
- Retail producers
- National wholesalers
- Independent wholesale brokers
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