Please take a moment to review the ELANY Bulletin 2025-01, which contains important information regarding zero premium tax statements. If you have any questions please email elanyinfo@elany.org.
Please be advised of the following notice when logging in to the Clearinghouse:
State License Numbers will be required beginning Jan 4th.
The state surplus lines license number must be entered in SLIP prior to filing a transaction for the state.
To add the state license number(s):
Settings > User Settings > State Licenses > New
Please contact the SLAS team at info@slasclearinghouse.com or 877-267-9855 > Option 1 if you have any questions.
The SLAS has informed us that they will be updating the system to implement the state license enhancement. As a result, brokers should already have their licenses added for all states, except for Colorado.
To ensure your account is fully updated, please log in to each of your accounts and add your Colorado license number. You can find this option on the settings page within SLIP.
Please take a moment to review Bulletin No. 2024-27 issued by the Excess Line Association of New York. The bulletin contains an important reminder regarding the submission and processing of extension endorsements. If you have any questions, please email ElanyInfo@elany.org.
Kindly take a moment to review the important notice below issued by the Colorado Division of Insurance regarding the distinction between filing in SLIP and the Colorado Surplus Lines Tax System. This notice provides critical information that will assist in ensuring compliance with state filing requirements.
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. Do NOT file NEW or RENEWAL policies effective 01/01/2025 and beyond in the Colorado Surplus Lines Tax System. NEW and RENEWAL policies effective 01/01/2025 and beyond are to be filed in SLIP at https://www.slasclearinghouse.com.
Endorsements to policies effective BEFORE 01/01/2025 are to be filed in the Colorado Surplus Lines Tax System, even if the Endorsement is effective 01/01/2025 and beyond.
Please contact the SLAS team at info@slasclearinghouse.com or 877-267-9855 > Option 1 if you have any questions regarding the SLAS System. For questions regarding the Colorado Surplus Lines Tax System contact 303-894-2371 or DORA_ColoradoInsuranceSurplusLinesTax@state.co.us
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.
The California Department of Insurance (CDI) has announced that they will be implementing a new Premium Tax Processing System (PTPS) portal for processing Insurance (Premium) Tax forms online. Instructions surrounding the new PTPS will be forthcoming closer to the release date of January 31, 2025.
Please review the CDI Notice for additional details. We will send out more information once it is available.
Please be advised that the Oklahoma Insurance Department has recently updated their Surplus Lines Broker Frequently Asked Questions page. InsCipher is actively working to ensure that any applicable changes will be reflected in the tax calculator.
The Florida Surplus Lines Service Office has released an announcement that, effective December 31, 2024, the legacy SLIP platform will be permanently taken offline. All users will be required to use SLIP+ moving forward. For any questions or assistance, please contact agent.services@fslso.com or call 800.562.4496, Option 1.
Should you have any questions, please let us know.
The SLAS has issued the following notice regarding Oklahoma Premium Tax Filings SLIP vs. OPTins.
All policies and endorsements on policies effective on or after January 1, 2024, should be reported to the Oklahoma Insurance Department using SLIP. On the first business day of each calendar quarter, all policies and endorsements reported in SLIP during the prior quarter will be totaled, and Oklahoma tax and SLAS transaction fee invoices will be delivered to the SLIP inbox. Please visit the Invoices and Payments page for the quarterly reporting and payment schedule.
Oklahoma agents can apply a premium tax credit in OPTins to an outstanding premium tax invoice in SLIP if the credit balance in OPTins exceeds taxes owed in SLIP. If the tax credit in OPTins does not exceed the tax amount due in SLIP, the premium taxes must be paid in full in SLIP and the Oklahoma Insurance Department will issue a full refund on credits submitted in OPTins. Tax credits cannot be carried forward with OPTins filings.
Please note that premium tax credits cannot be applied to the SLAS transaction fee. Transaction fees must be paid in full in SLIP via ACH or by check. For more information, please visit the Oklahoma Insurance Department Frequently Asked Questions.
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.