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  • Surplus Lines Statement Sl-8 Form And Instruction

Get Surplus Lines Statement Sl-8 Form And Instruction

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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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Privacy Notice
Legal Hub
Content Takedown Policy
Bug Bounty Program
About Us
Blog
Affiliates
Contact Us
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate WorkFlow
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232