December 16, 1998
BULLETIN #842
RE: REVISED EXPORT LIST
Attached
is the California Department of Insurance ("DOI") Bulletin No.
98-4 regarding the Commissioner's Export List. The new list became
effective December 16, 1998 and is the result of materials and testimony
provided to the DOI at the October 23, 1998 Export List hearing held in
Los Angeles. Export List items are exempt from SL-2 (Diligent Search
Report) requirements under Section 1763 because the Commissioner determined
that there is not a reasonable or adequate market among admitted insurers
for these insurance coverages.
The revised Export List contains the following additions,
1) event cancellation, 2) general liability for tattoo and body piercing
shops, 3) prize indemnification, 4) professional liability for creditors'
committees and 5) professional liability for tattoo and body piercing
shops.
Also attached is
the DOI's Export List with the SLA Export List Codes for each insurance
coverage. If the coverage on a risk is on the Export List, Export
List Codes must be shown on the SL-1 (Confidential Report of Surplus Line
Placement) in item 2(E) under Risk Description in lieu of the coverage
code.
Theodore M. Pierce
Executive Director
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