| (a) The surplus lines agent must file a true and correct
copy of each executed surplus lines policy, contract, or other detailed
evidence of coverage, including additions, deletions, or cancellations
with the stamping office within 60 days of issuance or the effective
date, whichever is later. If evidence of coverage other than the policy
is initially filed, a copy of the policy must be filed with the stamping
office within 60 days after it becomes available.
(b) For purposes of reporting to the stamping office,
the term "true and correct copy of a surplus lines insurance policy"
as used in this section, includes:
(1) a declarations page;
(2) a listing of all participating insurers on the
policy;
(3) all coverage parts and schedules, including limits;
(4) extended coverage exclusions;
(5) all premium-bearing documents;
(6) risk ZIP code location; and
(7) any other parts as may be required by the stamping
office to review and record the policy.
(c) The stamping office must compile information from
the filings submitted under subsection (b) of this section on a surplus
lines agent basis within 10 days after the end of each month. The
reports will be provided to the surplus lines agent with a notice
of the total stamping fees due. The surplus lines agent must pay the
fees to the stamping office by the end of the month in which the surplus
lines agent receives the notice.
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