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15 U.S.C. · Commerce and Trade
15 U.S.C. § 8205

Streamlined application for commercial purchasers

Ch. 108 — STATE-BASED INSURANCE REFORM
Title 15 U.S.C. ● ACTIVE Primary Source Ch. 108
Statutory Text

15 U.S.C. § 8205 — Streamlined application for commercial purchasers

U.S.C. Title 15 - COMMERCE AND TRADE 15 U.S.C. United States Code, 2023 Edition Title 15 - COMMERCE AND TRADE CHAPTER 108 - STATE-BASED INSURANCE REFORM SUBCHAPTER I - NONADMITTED INSURANCE Sec. 8205 - Streamlined application for commercial purchasers From the U.S. Government Publishing Office, www.gpo.gov

§8205. Streamlined application for commercial purchasers

A surplus lines broker seeking to procure or place nonadmitted insurance in a State for an exempt commercial purchaser shall not be required to satisfy any State requirement to make a due diligence search to determine whether the full amount or type of insurance sought by such exempt commercial purchaser can be obtained from admitted insurers if— (1) the broker procuring or placing the surplus lines insurance has disclosed to the exempt commercial purchaser that such insurance may or may not be available from the admitted market that may provide greater protection with more regulatory oversight; and (2) the exempt commercial purchaser has subsequently requested in writing the broker to procure or place such insurance from a nonadmitted insurer.

(Pub. L. 111–203, title V, §525, July 21, 2010, 124 Stat. 1591.)

Source: uscode.house.gov — public domain Official Source ↗
Root-LD Entity Data
◈ Machine-Readable Provenance Record Root-LD v1.0 · boisestandard.org
Federation ID
BS-USC15-SEC-87B186
Entity Class
STATUTE / FEDERAL-CODE-SECTION
Domain Signature
boisestandard.org
Citation
15 U.S.C. § 8205
Jurisdiction
Federal — United States
Status
✓ ACTIVE
Source
PRIMARY-SOURCE
Source Verified
✓ TRUE
Content Hash
a3b3828a3c026887...
Semantic Edges
Pending — corpus passes queued
The statutory text of 15 U.S.C. § 8205 is reproduced from the official United States Code as published by the Office of the Law Revision Counsel of the U.S. House of Representatives (uscode.house.gov).
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← 15 U.S.C. § 8204 15 U.S.C. § 8206 →
Ch. 108 — STATE-BASED INSURANCE REFORM
15 U.S.C. § 820115 U.S.C. § 820215 U.S.C. § 820315 U.S.C. § 820415 U.S.C. § 820515 U.S.C. § 820615 U.S.C. § 822115 U.S.C. § 822215 U.S.C. § 822315 U.S.C. § 823115 U.S.C. § 8232
15 U.S.C. — public domain ← All Legislation
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boisestandard.org → United States → Law → U.S. Code → Title 15 → 15 U.S.C. § 8205