Producer FAQ
A policy has been cancelled. How do I
get credit for the taxes and fees?
Simply file the cancellation endorsement, just as you would any other
endorsement to the policy.
File the
cancellation endorsement and enter the return premium as a
negative number. The
return taxes and fees will be automatically calculated and
will be credited to your account.
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.
|
