Producer FAQ
I have a multi-state risk. How do I
file it?
First, determine the home
state of the insured. "Home State" is defined in the
Illinois surplus line law and the
federal Nonadmitted and Reinsurance
Reform Act (NRRA). You can find a helpful flowchart
here.
Once you
have determined the home state of the insured, the surplus
line policy is filed with (and taxes paid to) that state
regardless of whether it is a single-state or multi-state
risk.
When filing
policies covering risks in multiple states, remember to
follow the rules prescribed by the home state of the insured
as that term is defined in the law.
Disclaimer
The materials and information contained herein are only synopses of laws, regulations and other information and do not constitute legal advice. It is recommended that you consult your legal advisers regarding application of state and federal laws and regulations to any particular situation. The Surplus Line Association of Illinois (SLAI) does not undertake and hereby disclaims any obligation to advise you of any change to laws and regulations or to the SLAI procedures.
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