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.
Filing on Paper
Be sure to show the return premium, taxes and
fees on the endorsement. When completing the Verification Slip, show the
return premium as a negative number, preferably by enclosing it in angle
brackets (e.g. <$200>), or alternatively with a negative sign (e.g. -$200). Once
you have filed the cancellation endorsement, the taxes and fees will be
credited to your account.
If you are filing on
paper and there is no cancellation endorsement,
use our correction form. File it as if it were a real endorsement (use a
Slip and attach two copies of the correction form).
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.
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 does not undertake and hereby disclaims any
obligation to advise you of any change to laws and
regulations or the procedures of the Surplus Line Association.