A5253 — 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

A5253 — 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 · Informed CitizenryThis bill amends the insurance law to modify the 'diligent effort' requirements for licensed excess line brokers when placing insurance coverage with unauthorized insurers. Specifically, it provide…Open in Informed Citizenry