News from the Surplus Lines Industry and InsCipher
Update

Colorado - Filing Platform Change for 2025 - Latest Information

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Shared by Compliance • December 10, 2024

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.

Update

Pennsylvania - Bulletin - Revised 1609 and EFS Enhancement

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Shared by Compliance • December 06, 2024

The Pennsylvania Surplus Lines Association has issued a Bulletin advising of important changes to the 1609 Affidavit, as well as an enhancement to the Electronic Filing System. We are currently in the process of implementing these updates and will provide further details as they become available.

Update

New York - ELANY Bulletin - 2024 Affidavit Filings and Premium Tax Reports

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Shared by Compliance • December 06, 2024

ELANY has published Bulletin 2024-24, which provides important updates regarding the 2024 Affidavit Filings and Premium Tax Reports.

Should you have any questions or require further clarification regarding the content of this bulletin, please direct them to Theresa Hetherington at thetherington@elany.org or via phone at (646) 292-5561.

Update

Colorado - 2025 Tax Calculator Updated

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Shared by Compliance • December 05, 2024

We have received confirmation from the Colorado Department of Insurance confirming a Clearinghouse Fee of 0.175% will be charged effective January 1, 2025. The tax calculator has been updated to reflect this change.

Update

Mississippi - Portal Enhancement

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Shared by Compliance • December 05, 2024

We have made an update to the Mississippi Quarterly State Reporting Tasks to enhance the workflow effective January 1, 2025.

The Quarterly Windstorm Payment State Reporting Tasks will no longer include the Windstorm payment for RPG's.

The RPG Windstorm Payment will now be included in the Quarterly RPG State Reporting Tasks.

Update

NY - ELANY Improvements to the AEROS Part A Platform

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Shared by Compliance • December 04, 2024

ELANY has announced improvements to the AEROS Part A platform. These improvements expand and standardize re-opened batches.

Improvements include:

1. The addition of a Message Examiner option. This is a new feature for the examiner and broker to message each other directly regarding a transaction. This will replace the need to email about the transaction.

2. The re-open instruction dialog and the transaction can now be displayed simultaneously.

3. Re-open instructions to the broker are now standardized across all batches.

Please contact the ELANY Helpdesk if you have any questions or need any assistance.

Service

NY - ELANY Bulletin Clarifying Insurer and Broker Fees

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Shared by Compliance • December 04, 2024

ELANY has issued Bulletin 2024-23 answering questions from brokers regarding the reporting of insurer and broker fees. If you have any questions please email ElanyInfo@elany.org.

Platform issue

Colorado - 2025 Tax Calculator Update Pending

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Shared by Compliance • December 04, 2024

We are aware Colorado is changing filing platforms for 2025. The tax calculator will be updated to reflect any changes as soon as the state confirms new associated fees related to this platform change.

Should you have any questions, please let us know via the chat box or support@inscipher.com.