News from the Surplus Lines Industry and InsCipher
The Surplus Line Association of California has issued an important notice regarding the sunsetting of previous versions of the Diligent Search Report, also known as the SL-2 form:
In January 2024, the SLA launched a streamlined Diligent Search Report (SL-2 form) to simplify the filing process, which has been well adopted.
As part of our commitment to serving our members effectively, we are sunsetting all previous versions of the SL-2 form, including form versions dated 06/2004.
Effective April 1, 2025:
Filers using SL-2 form versions dated before January 2024 will receive informational tags with a reminder to use the new SL-2 form.
Effective January 1, 2026:
The SLA will no longer accept SL-2 form versions dated before January 2024. Filers using outdated versions of the form will receive a tag requesting resubmission with the current version.
The current version of the SL-2 form can be found here.
We encourage you to transition to the current version as soon as possible to ensure compliance.