Who is exempt from conducting a diligent search if they have requested coverage in writing?

The Exempt Commercial Purchaser is recognized as being familiar with the insurance market and the underwriting process. This group typically has substantial insurance knowledge and experience, which places them in a position to effectively evaluate their insurance needs without the same level of assistance that a standard consumer might require. Because they are capable of negotiating coverage and have the necessary expertise, they are exempt from the requirement of a diligent search when they request coverage in writing. This exemption acknowledges their ability to engage with insurers directly and make informed decisions regarding their insurance needs.

In contrast, other groups such as admitted insureds, standard policyholders, and any business entity may not possess the same level of expertise and therefore are usually required to conduct a diligent search to ensure they are obtaining the best possible coverage for their circumstances.