Each broker shall keep in the broker's office a record of each surplus line coverage procured by the broker, including a copy of each daily report, if any; a copy of each certificate issued by the broker; and the following items as may be applicable:

1. (1) Amount of the insurance;
2. (2) Gross premium charged;
3. (3) Return premium paid, if any;
4. (4) Rate of premium charged upon the several items of property;
5. (5) Effective date of the contract, and the terms thereof;
6. (6) Name and address of each insurer on the direct risk and the proportion of the entire risk assumed by such insurer if less than the entire risk;
7. (7) Name and address of the insured;
8. (8) Brief general description of the property or risk insured and where located or to be performed; and
9. (9) Other information as may be required by the director. A violation of this section is a Class 2 misdemeanor.

Source: SL 1966, ch 111 , ch 11, § 16 (1); SL 1978, ch 359 , § 2; SL 2015, ch 260 , § 10.