Which of the following is considered a legal responsibility of a Surplus Lines Broker?

A Surplus Lines Broker has several legal responsibilities, one of which is to maintain accurate records and files. This obligation ensures that all transactions, communications, and documentation related to the brokerage activities are properly documented. Accurate record-keeping is crucial for compliance with regulatory requirements, facilitating audits, and providing a clear history of transactions that can be referenced by both the broker and regulatory bodies.

Maintaining comprehensive and organized records helps protect both the broker and clients, as it provides evidence of the broker's adherence to relevant laws and regulations, ensuring transparency in their dealings. This responsibility demonstrates the broker's professionalism and commitment to ethical practices within the insurance industry.

The other options listed reflect activities that may be associated with a broker or general business practices but do not pertain explicitly to the legal responsibilities required of a Surplus Lines Broker.