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  • Evidence Of Good Faith Effort To Place Surplus Line Association Of Utah 6711 South 1300 East Salt

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EVIDENCE OF GOOD FAITH EFFORT TO PLACE Surplus Line Association of Utah 6711 South 1300 East Salt Lake City, Utah 84121 (801) 9440114 This form is to be used to document the efforts made by the surplus.

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The stamping fee is . 0018 of the gross premiums less return premiums due to cancellations or premium reductions. Gross premiums include all policy fees.

The doctrine of utmost good faith provides general assurance that the parties involved in a transaction are truthful and acting ethically. Ethical transactions include assuring all relevant information is available to both parties during negotiations or when amounts are determined.

Conversely, a “breach of utmost good faith,” is coined when this trust is broken. If you, for example, don't tell your life insurance provider that you used to smoke, then that is a breach of utmost good faith.

The Surplus Lines Deduction allows taxpayers to deduct from their premiums “sums collected to cover federal and other state taxes and examination fees” when calculating the premium amount subject to the tax.

The stamping fee, which is applied to all surplus lines policies filed in California, is the primary source of revenue for the SLA, a nonprofit association. These revenues fund all SLA operations, including a reviews of roughly 800,000 surplus lines filings annually on behalf of the California Department of Insurance.

Surplus lines insurance protects against a financial risk that a regular insurance company will not take on. Surplus lines insurance policies are available in a variety of types for both individuals and businesses. Surplus lines insurance is generally more expensive than regular insurance because the risks are higher.

The duty of good faith obliges the insurer to act with reasonable promptness during each step of the claims process. Included in this duty is the obligation to pay a claim in a timely manner when there is no reasonable basis to contest coverage or to withhold payment.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232