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S05896 Summary:
BILL NO | S05896 |
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SAME AS | SAME AS A05253 |
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SPONSOR | BRESLIN |
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COSPNSR | GALLIVAN, PALUMBO, WEBB |
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MLTSPNSR | |
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Amd §2118, Ins L | |
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Permits a waiver of the diligent effort requirement in limited circumstances for certain insurance coverage to be placed by licensed excess line brokers with unauthorized insurers where a retail producing insurance broker seeks to procure or place commercial lines insurance through an unaffiliated wholesale excess line insurance broker. |