I just finished reading this article - A Short Walk Through Surplus Lines - on this site - <a href='http://www.insurancejournal.com/magazin ... /22918.htm' target='_blank'>http://www.insurancejournal.com/magazin ... 918.htm</a>.
One of the questions posed by the author was:
"If a surplus lines carrier or surplus lines agent fails to obtain the statutorily required stamp, can this fact be used by an insured against the carrier or against the agent in a private lawsuit? Or, is this strictly a matter for regulatory authorities?"
Does anyone here know what sort of liability a broker might have who doesn't stamp the dec. page? Could the broker be liable for negligence if the carrier is insolvent?
Surplus Lines Stamp
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