| (a) The stamping office must evaluate surplus lines
insurance policies, contracts, or other evidences of coverage for
eligibility and compliance with filing requirements. The stamping
office may request additional information from the surplus lines agent
responsible for the filing if the information filed is not sufficient
to make an evaluation in accordance with this section.
(b) Following its evaluation of filings under this
section, the stamping office must provide the following written reports
to TDI:
(1) Within 60 days of discovery, a report documenting
any surplus lines insurance policy issued by an insurer that is not
an eligible surplus lines insurer, any surplus lines insurance policy
and contract that is of a type that is not compliant with the Insurance
Code, and any act that requires a license that is performed by an
unlicensed person.
(2) Promptly upon discovery, a report documenting any
surplus lines insurance policy or contract that has uncorrected administrative
or technical errors that the stamping office has asked the surplus
lines agent to correct.
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