News from the Surplus Lines Industry and InsCipher
The Colorado Division of Insurance and the SLAS have provided the following useful information in regards to the SLIP implementation for 2025.
CO DOI Notice which is located on their website:
Dear Surplus Lines Insurance Producers:
The Colorado Division of Insurance will begin using the SLIP platform to collect non-admitted policy data and premium taxes for all policies, and endorsements on policies, effective on or after January 1, 2025. The Division is working with the SLAS team to finalize the implementation details and a follow up notice will be distributed when the go-live date has been confirmed. For further implementation and instructions on the Colorado SLIP implementation, please visit the Colorado Division of Insurance website.
Colorado Announces Adoption of SLIP:
The SLAS team is pleased to announce the upcoming transition of the Colorado Division of Insurance to the SLIP platform to collect non-admitted policy data and premium taxes for all policies and endorsements on policies, effective on or after January 1, 2025. We are working with the Colorado Division of Insurance to finalize implementation details. Once those details are confirmed, we will share the official go-live date in a future notice. The SLAS team is available to answer customer questions regarding the Colorado transition to SLIP. For further information and implementation details, please visit the Colorado Division of Insurance website.
Should you have any questions, please let us know.