§431:8-312 - Records of surplus lines broker.
§431:8-312 Records of surplus lines broker. (a) Each licensed surplus lines broker shall keep in the broker's office inthis State a full and true record of each surplus lines contract placed by thebroker including a copy of the policy, certificate, cover note, or otherevidence of insurance showing such of the following items as may be applicable:
(1) Amount of the insurance and perils insured;
(2) Brief description of the property insured and itslocation;
(3) Gross premium charged;
(4) Any return premium paid;
(5) Rate of premium charged upon the several items ofproperty;
(6) Effective date of the contract, and the termsthereof;
(7) Name and address of the insured;
(8) Name and address of the insurer;
(9) Amount of tax and other sums to be collected fromthe insured; and
(10) Any additional information required by thecommissioner.
(b) For each contract of insurance placed by asurplus lines broker, the broker shall maintain a written statement as to thediligent efforts by the surplus lines broker or the producer to place theinsurance with authorized insurers.
(c) The record of each contract shall be keptopen at all reasonable times to examination by the commissioner without noticefor a period not less than five years following the termination of thecontract. [L 1987, c 347, pt of §2; am L 1989, c 207, §7; am L 2002, c 155,§19]