Excess and Surplus Lines Sample Clauses

Excess and Surplus Lines. For policies issued as excess and surplus lines, Patriot shall be responsible for compliance with all surplus lines regulations including, but not limited to, licensing, remittance of applicable surplus lines taxes and/or fees, and submission of policies to state surplus lines stamping office(s). The Agent shall be responsible for compliance with surplus lines regulations including, but not limited to, collection of taxes and fees to be remitted to Patriot and insuring that proper due diligence with respect to authorized company declinations has been conducted and documented, to the extent such due diligence is required by state regulation.

Excess and Surplus Lines. (m) Professional sports teams;