News from the Surplus Lines Industry and InsCipher
The SLAS Clearinghouse has issued an important update regarding the ACH tax payment setup for the state of Colorado:
Update on ACH Payment Availability for Colorado Premium Tax Invoices - May 12, 2025
As of today, ACH payment functionality in SLIP is not yet available for Colorado premium tax invoices. We continue to work with the Colorado Division of Insurance to complete the setup and are awaiting the required ACH Company ID and Company Name. We will share that information with customers as soon as it becomes available.
Quarterly premium tax invoices for Colorado, including 1Q 2025 SLAS transaction fees, were issued in SLIP on April 1. While SLAS fee invoices are payable in SLIP and due by May 15, 2025. However, Colorado premium tax payments are NOT required until ACH is finalized.
No penalties will be assessed for 1Q 2025 premium tax payments submitted after May 15 due to this delay.
We will notify all customers once ACH payments are enabled and tax invoices can be paid through SLIP.
If you have any questions, please contact SLAS staff at 877.267.9855 or by email at info@slasclearinghouse.com