An affidavit detailing a diligent search effort must meet the following requirements:
- Signature: The affidavit must be signed by an insurance agent, confirming the accuracy and completion of the search.
- List of carriers: The agent must list at least three admitted carriers that were approached and declined to provide a quote.
- Reasons for declination: The agent must clearly state the reasons for declination from each carrier on the state-required form, providing an understanding of the challenges faced in obtaining coverage in the admitted market.
By meeting these requirements, the affidavit serves as a valuable document helping to demonstrate that a thorough search effort was conducted for appropriate insurance coverage.