News from the Surplus Lines Industry and InsCipher
The State of Connecticut Insurance Department has issued Bulletin SL-6, which introduces a minor modification to the diligent effort requirements for surplus lines placements. In addition to this update, the bulletin also reaffirms the existing surplus lines placement requirements to ensure compliance and clarity for all licensees.
We recommend reviewing Bulletin SL-6 in detail to understand the updated standards and ensure that all placement procedures align with the revised guidance.