What must be included in the Affidavit for placing with a surplus insurer?

The Affidavit for placing coverage with a surplus lines insurer must include a consent to insolvency payment. This is crucial because surplus lines insurers often operate in a less regulated environment compared to admitted insurers. By including a consent to insolvency payment, the insured acknowledges that if the surplus lines insurer becomes insolvent, they agree to seek recovery from the state’s guaranty fund, if applicable. This provision underscores the importance of informing the insured of the risks involved in choosing a surplus lines insurer, especially regarding the financial stability of that insurer.

Each other option, while relevant in different contexts, does not hold the same necessity in the context of the Affidavit. Confirmation of premium rates might be documented elsewhere, and specific details about the property insured or the agent's commission may not be required for the Affidavit itself, focusing instead on the understanding and acceptance of the potential risks surrounding insolvency.