SECTION 1. Section 168 of chapter 175 of the General Laws, as appearing in the 2016 Official Edition, is hereby amended by striking out, in lines 50 to 52, the sentence “The affidavit shall have force and effect for 1 year from the date of issuance or expiration of the policy, whichever comes later” and inserting in place thereof the following sentence:- For any insurance policy renewed, continued or extended by the same insurance company, no affidavit shall be required to be completed for any insurance or coverage under an insurance policy procured by a special insurance broker for which said special insurance broker has previously completed an affidavit; provided, however, prior to renewing, continuing or extending any insurance policy, the special insurance broker must confirm that the insurer is on the Division of Insurance’s list of approved surplus lines insurance companies. Said affidavit shall remain on file with the special insurance broker and shall be available to the Division of Insurance for examination or audit at all reasonable times.
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