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Among the "List of Licensed Companies, Approved Reinsurers and Surplus Lines Insurers (pdf 283 kb)". A "k" in the type column will indicate the company is a .

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How to fill out the Surplus Lines Statement SL-8 Form And Instruction online

This guide provides clear instructions on how to effectively fill out the Surplus Lines Statement SL-8 Form online. By following these steps, users can ensure they complete the form accurately and efficiently.

Follow the steps to fill out your Surplus Lines Statement SL-8 Form online.

  1. Click ‘Get Form’ button to access the Surplus Lines Statement SL-8 Form, opening it in your preferred online editor.
  2. Enter the name and address of the surplus lines broker in the corresponding field, ensuring to include the broker's Connecticut license number.
  3. Provide the details of the producing agent, including their name and Connecticut license number. Ensure this is accurate for compliance purposes.
  4. Complete the agency represented field along with the respective Connecticut license number.
  5. Indicate the name and location of the risk, being as specific as possible to ensure clarity.
  6. List the surplus lines insurer(s) including their NAIC number as required in sections 5a and 5b.
  7. Specify the kind of insurance being sought in section 6, along with limits in field 6a and a detailed risk description in field 6b.
  8. Identify whether the transaction is new business or a renewal in section 7, including the reason for placement in field 7b.
  9. Record the premium amount in section 8, specifying the term premium in field 8a and the policy period in field 8b.
  10. Respond to question 9 regarding the status of the risk with a yes or no and complete the broker and producer service fee fields.
  11. Ensure that the statement is signed by both the insured and the surplus lines broker for validation.
  12. Finally, save any changes made to the form, and download or print a copy as needed for your records.

Complete and submit your Surplus Lines Statement SL-8 Form online today.

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Surplus lines brokers specialize in finding coverage for risks that standard insurers won't insure. Surplus lines brokers serve as intermediaries between regular agents and brokers and non-admitted insurers. A surplus lines broker must adhere to state surplus lines regulations.

Surplus Lines Statement (Form SL-8)

Non-admitted insurers, also known as excess and surplus lines carriers, sell policies that aren't backed by your state. While they don't fall under traditional insurance regulations, many states do regulate non-admitted carriers. These regulations are usually less strict than those followed by admitted insurers.

Surplus lines insurance protects against a financial risk that a regular insurance company will not take on. Surplus lines insurance policies are available in a variety of types for both individuals and businesses. Surplus lines insurance is generally more expensive than regular insurance because the risks are higher.

Surplus lines insurance is a special type of insurance that covers unique risks. It fills a gap in the standard market by covering things that most companies can't or won't insure.

SURPLUS LINES TAXES Most states charge an insurance premium tax to insurance companies licensed and “admitted” to do business within their borders. Generally speaking, those carriers then pass the cost of those taxes onto their policyholders by adding a comparable amount to their premiums.

A Surplus Line Broker is a person who places insurance with non-admitted insurers, covering risks other than aircraft and certain marine and transportation risks.

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