Missouri Surplus Lines Practice Questions - Missouri Surplus Lines Broker Exam

What is a 'diligent search' in the context of Missouri surplus lines?

A background check on the insured A documented effort to obtain coverage from admitted insurers before placing with a non-admitted carrier A search for the cheapest premium available An investigation into claims history

Correct Answer:

A documented effort to obtain coverage from admitted insurers before placing with a non-admitted carrier

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