Insured FAQ
What is a Stamping Fee and why do I
have to pay it?
The Surplus Line Stamping Fee is charged on all surplus line insurance
transactions in the State of Illinois by authority of
Section
445.1 of the Illinois Insurance Code (215 ILCS 5/445.1). This
fee helps fund the operations of the Surplus Line Association of
Illinois. The surplus
line producer is required by law to remit this fee to the Association on
all insurance contracts written under his or her license. The law also permits
the producer to collect this fee from the insured. For a definition of
surplus line insurance, click here.
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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