Diligent Effort

  • Illinois does not have an export list.  For every risk you place in the surplus line market, you must have 3 declinations from licensed insurers, unless the risk is exempt.
  • There is no specific form upon which you must record your declinations for Illinois risks.
  • The record of declination must state the name of the authorized insurers and the individuals contacted at each insurer who declined the risk.
  • The record of declination must be kept in your files for 7 years.
  • A new diligent effort must be performed at policy renewal, and for any policy extension.
  • The SLAI is not authorized, and does not have the facility to assist with market searches.
  • Diligent effort, declination requirements and your record-keeping responsibilities are discussed in the definition of “Surplus Line Insurance” in paragraph 1 of the Illinois Surplus Line Law, in Regulation 2701.50 and in Regulation 2701.60.