Which of the following condition MUST apply to purchase coverage through a surplus lines carriers: A surplus lines carrier is required to file rates with the insurance commissioner Coverage must be procured through a licensed surplus lines producer  Surplus lines carriers must participate in the State Guarantee Fund The producer may make only one attempt through admitted carriers prior to providing  surplus lines coverage

Economics:
10th Edition
ISBN:9781285859460
Author:BOYES, William
Publisher:BOYES, William
Chapter25: Monopoly
Section: Chapter Questions
Problem 13E
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Which of the following condition MUST apply to purchase coverage through a surplus lines carriers:

  1. A surplus lines carrier is required to file rates with the insurance commissioner
  2. Coverage must be procured through a licensed surplus lines producer 
  3. Surplus lines carriers must participate in the State Guarantee Fund
  4. The producer may make only one attempt through admitted carriers prior to providing  surplus lines coverage
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