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Yes, a minimum of 1 Declination is required for all coverages. To add the declining insurers details, click the Add Insurer link at the top of the Declinations box. 

No, the SLIP+ transaction fee is not charged on premiums for approved tax-exempt insureds. Transactions for insureds who are exempt from surplus lines premium tax under the applicable state law should select Tax Status 7 when reporting transactions. The transaction will initially be questioned (TIQ) for review and approval by the appropriate state.

Alabama does not maintain a list of eligible surplus lines insurers but does publish a list of unauthorized insurers that are prohibited due to financial requirements or claims practices.

No, Quarterly affidavits are not required. 

No, in accordance with state laws, all surplus lines policies should be reported under the individual licensee who transacted the business. 

Quarterly affidavits are required for Oklahoma, Tennessee, and Wyoming. South Dakota does not require affidavit filings. Quarterly affidavit filings are due at the same time as quarterly tax payments using the schedule below.

Affidavit filings for each state are only required if business has been submitted during the reporting period. If no business is reported, an affidavit filing is not required. 

No, you only need one SLIP+ account per agent to file transactions for our client states. Please note that the surplus lines agent must be licensed in each state for which you are submitting transactions. Agents should use their National Producer Number (NPN) when registering.

SLIP+ users have access to the free SLIP+ Tax Estimator. This helps estimate the surplus lines premium taxes and SLIP+ transactions fees for a policy or endorsement.

There are two ways to report policy data, SLIP+ manual submission and Batch (CSV. / XML. / API.

• Option 1: SLIP+ allows brokers to submit single transactions. For more information on how to file in SLIP+, review our Tutorials page under the Resources
• Option 2: Batch allows high volume brokers to submit multiple transactions in a single file upload. For more information on Batch filing, review our Tutorials page under Resources or contact [email protected].
  

You can sign up to receive the SLIP+ Insights eNews on the home page of slipplus.com. 

Complete the Transfer of Business forms, including the relinquishing and assuming agents’ signatures, and email the completed forms and any supporting documents (i.e., BOR letter, etc.) to info@slipplus.com. 

Yes, the SLIP+ transaction fee is refundable pro-rata based on the unearned premium on return premium or cancellation endorsements. The transaction fee is also refunded on all corrections (backouts).  

Yes, the SLIP+ transaction fee should be included on the policy declarations page. 

The SLIP+ Transaction fee is 0.175% charged on the gross premium (premium plus all taxable policy fees) for all transactions reported in SLIP+. Please review My State to see which fees are taxable by state.

Yes, an annual filing report should be filed in SLIP +. The annual report will be due by March 1st of the following year.