Category: Surplus Lines

  The Florida Surplus Line Service Office (“FSLSO”) released its 2016 Annual Report during its Third Quarter Board Meeting on August 8, 2017, in which was documented that surplus lines premium written in Florida continued to grow, nearing almost $5 …

  The Wholesale Specialty Insurance Association (“WSIA”) launched this month–the product of a merger between the American Association of Managing General Agents (“AAMGA”) and the National Association of Professional Surplus Lines Offices (“NAPSLO”). What is the WSIA?  Who’s now who …

  Florida Department of Financial Services regulations applicable to surplus lines insurers and agents relating to the collection of taxes are being proposed for repeal, inasmuch as their functions are now governed by the Florida Surplus Lines Service Office. The …

  In Bulletin 2016-04 issued today, December 14, 2016, the Florida Surplus Lines Service Office (“FSLSO”) advised Florida Surplus Lines Agents, Surplus Lines Insurers and Independently Procured Coverage Filers that its service fee will be decreased from 0.15 percent to …

The Florida Surplus Lines Service Office (“FSLSO”) will hold its quarterly Member’s Forum on June 23, 2016 at 2 p.m. (EDT).   A complimentary 30-minute Webinar, the event is designed to update participants on important information and current events in …

  The National Association of Professional Surplus Lines Offices (“NAPSLO”) advised today, May 3, 2016, that the Non-Admitted Insurance Multi-State Association unanimously decided to dissolve the National Insurance Multi-State Agreement (“NIMA”).  The announcement states that a “wind-down” plan was adopted …

  By Jennifer C. Erdelyi, Senior Associate The Florida Surplus Lines Service Office (“FSLSO”) issued Bulletin 2016-03 today, April 14, 2016, stating that Florida has withdrawn from the Nonadmitted Insurance Multi-State Agreement (“NIMA”) effective June 1, 2016.   The Bulletin also provides guidance …

  The Florida Surplus Lines Service Office (“FSLSO”) Board of Directors (“Board”) met in Tallahassee today, October 22, 2014. As part of its agenda, the Board considered the FSLSO’s proposed 2015 operating budget of $6.5 million, which represents a decrease …

  The Florida Surplus Lines Service Office (“FSLSO”) advised today, August 13, 2014, that the State of Delaware has enacted legislation impacting certain Florida surplus lines policies. Detailed in Bulletin No. 14 issued this week by the Delaware Department of …

  In Bulletin No. 2014-15 issued yesterday, July 17, 2014, the Excess Lines Association of New York (“ELANY”) responded to questions it has received to date about the implementation of the Foreign Account Tax Compliance Act (“FATCA”), which is scheduled …