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Get Surplus Lines Statement (form Sl-8) State Of Connecticut Insurance Department (rev
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How to fill out the Surplus Lines Statement (Form SL-8) State Of Connecticut Insurance Department (Rev online
The Surplus Lines Statement (Form SL-8) is an essential document for surplus lines insurance transactions in Connecticut. This guide provides step-by-step instructions on how to accurately fill out the form to ensure compliance with state regulations.
Follow the steps to complete the form accurately.
- Click 'Get Form' button to obtain the Surplus Lines Statement (Form SL-8) and open it for editing.
- Begin by entering the name and address of the surplus lines broker in the designated field.
- Provide the name of the producing agent in the next field, along with their Connecticut license number.
- Input the name of the agency represented and the corresponding Connecticut license number.
- Detail the name and location of the risk in the appropriate section.
- Identify the surplus lines insurer(s) involved and enter their NAIC numbers, listed under fields 5a and 5b.
- Specify the kind of insurance being provided in field 6, and complete the limits (6a) and risk description (6b) by describing the operation or risk type.
- Indicate whether it is new business or a renewal in field 7, along with the reason for placement in field 7b.
- State the premium in field 8 and specify the payment terms in 8a and the policy period in 8b.
- Answer question 9 by selecting 'Yes' or 'No' and provide the amounts for the broker service fee (9a) and the producer service fee (9b).
- Ensure to assign the control number in numerical sequence, followed by the last two digits of the year of the policy effective date.
- Both the insured and the surplus lines broker must sign the statement.
- Once completed, save your changes and proceed to download, print, or share the form as needed.
Complete your Surplus Lines Statement (Form SL-8) online today for efficient document management.
A: Every surplus line broker must make an annual state tax filing. The amount of state tax is 3% of the California taxable surplus line premium transacted by the broker, for California home state insureds, from January 1st to December 31st of the previous year.
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