Indian Reservation

[grasshopper]

I am an agent for an insurance company who was approached by a client on an Indian Reservation for a Insurance Broker Bond. I have tried multiple companies to place this bond but say they can't write the bond. Why is this so difficult to write?

[marietta68]

Originally Posted by grasshopper

I am an agent for an insurance company who was approached by a client on an Indian Reservation for a Insurance Broker Bond. I have tried multiple companies to place this bond but say they can't write the bond. Why is this so difficult to write?

You didn't say why the bond has been declined by the companies who've received your submission, but it's possible there may be problems regarding jurisdiction in the event of a claim; Native Americans are frequently operating under their own tribal authorities and the last submission (for a different type of bond) I had revealed how complicated the situation can become. If I were you, I'd double check the bond form (is it the standard state form?), the license issued, and call the state insurance department to confirm their jurisdiction and position as sole obligee. If this research proves positive, then go back to the underwriter(s) and ask for further explanation - is it possible adverse info was revealed in a credit report? If it turns out that the Tribe is the obligee, it'll be hard to find a writer because of the difficulty of claims handling.