What additional requirement applies specifically to exempt commercial purchasers?

Exempt commercial purchasers are defined by their ability to procure their own coverage due to their size and sophistication in the insurance marketplace. The additional requirement of high-quality risk management aligns with the intent of exempt commercial purchasers to engage more rigorously with their insurance needs. These purchasers typically have the resources to handle complex risks and often demand higher standards in their insurance policies.

Consequently, emphasizing a high-quality risk management process ensures that these purchasers can effectively analyze and mitigate their unique exposures, which may differ significantly from more straightforward or smaller risks. This requirement fosters a better understanding of their insurance situations and ensures that the policies they seek are tailored to their specific and often more complex needs. By focusing on high-quality risk management, exempt commercial purchasers are better positioned to navigate the surplus lines market effectively.