
IONER AT ALL TIMES FOR 5 YEARS AFTER ISSUANCE OF THE COVERAGE TO WHICH IT RELATES. (18 DEL. C. §1923) THIS FORM MUST SIGNED BY THE LICENSED PRODUCING AGENT AND FORWARDED TO THE LICENSED SURPLUS LINES BROKER OR SIGNED AND RETAINED BY THE SL BROKER DELAWARE INSURANCE DEPARTMENT SURPLUS LINES Form SL-1923-v. 2015 DO NOT SUBMIT THIS FORM TO THE INSURANCE DEPARTMENT POLICY NUMBER SURPLUS LINES INSURER NAME INSURED'S NAME AND MAILING ADDRESS: Name: NAIC # POLICY TERM INFORMATION Effective Date.
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How to use or fill out the DE SL-1923 (Formerly SL-1904) online
The DE SL-1923 form, previously known as the SL-1904, is an essential document for surplus lines insurance. This guide will help you navigate the online filling process, ensuring that you successfully complete each section of the form with clarity and confidence.
Follow the steps to fill out the form accurately and efficiently.
- Click the ‘Get Form’ button to obtain the form and open it in the editor.
- In the 'Submitted by' section, select the appropriate option that corresponds to the entity or individual who is submitting the form.
- Provide the policy number in the designated field, ensuring it accurately represents the associated insurance coverage.
- Enter the surplus lines insurer's name in the relevant field for identification purposes.
- Fill in the insured's name and mailing address, making sure to include the necessary details for effective communication.
- Indicate the policy term information, including the effective date and expiration date, formatted in MM/DD/YYYY.
- Specify the amount of insurance for both property and casualty, entering the respective values as applicable.
- Describe the coverage in the designated section, providing a clear account of what the insurance entails.
- Detail the location of risk to accurately indicate where the insurance coverage applies.
- Complete the diligent effort declaration, confirming the attempts made to procure licensed insurance coverage and noting any declined insurers.
- Provide the names and NAIC numbers of the licensed insurers who declined, along with a brief reason for each decline.
- Attest to providing thorough explanations to the insured regarding the nature of coverage being placed with an unauthorized insurer.
- Sign and date the form as the filing agent or surplus lines broker, ensuring that all information provided is true and accurate.
- Once completed, save changes, download the form, print it for your records, or share it as needed.
Complete your DE SL-1923 form online now to ensure your insurance process is managed efficiently.
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Get answers to your most pressing questions about US Legal Forms API.
What is the tax rate on insurance premiums in Delaware?
The standard tax rate on insurance premiums in Delaware is 2%. This rate applies to most types of insurance, but be sure to verify if your specific policy falls under any different regulations. Understanding these financial aspects will aid in making informed choices and complying with DE SL-1923 (Formerly SL-1904).
What is the Delaware property tax rate?
The property tax rate in Delaware varies by county and municipality, but it generally averages around 0.55% of the property's assessed value. Factors such as property type and location can influence this rate. For clarity on how property taxes may impact insurance decisions, consider referring to DE SL-1923 (Formerly SL-1904) for structured guidance.
How to determine home state for surplus line taxes?
Your home state for surplus line taxes is generally where you reside or where your business is located. This state will govern the surplus line tax rate applicable to your insurance policies. Understanding this process is essential for compliance with DE SL-1923 (Formerly SL-1904) and ensuring you meet your tax obligations accurately.
Is Delaware Life a reputable company?
Delaware Life has established itself as a reputable provider in the insurance industry. They offer a range of insurance and annuity products backed by strong financial stability. Their commitment to customer service and transparency aligns well with the standards outlined in DE SL-1923 (Formerly SL-1904), making them a reliable choice for policyholders.
What is surplus line tax?
Surplus line tax refers to a tax imposed on insurance policies that are purchased from non-admitted insurers. These insurers are not licensed to operate in a specific state but can provide coverage that is difficult to find in the admitted market. Understanding DE SL-1923 (Formerly SL-1904) helps you navigate this complex landscape and ensures compliance with state regulations.
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