What Are SLIP and OPTins?
If you do business in the non-admitted (or excess and surplus lines) market, there are two names you’re likely to run across: SLIP and OPTins.
How to file surplus lines tax filings?
Who has to file surplus Lines tax filings?
Where to you file surplus lines tax?
Where is a surplus lines Calculator?
What is a surplus lines stamping fee?
What is a zero report?
Why do you need surplus lines licenses?
Who needs a surplus lines license?
What are the surplus lines filings and reports for?
While most states have their own proprietary systems, lots of states use these online platforms to accept surplus lines policy information and process premium tax and fee payments.
The Surplus Lines Information Portal, or SLIP, is an online portal currently used by eleven states, including California and Florida, to allow filers to submit information about surplus lines policies to regulators.
The Online Premium Tax for Insurance platform (or OPTins), on the other hand, is used primarily to submit premium tax payments to the states.
For more information about surplus lines compliance, please visit:
https://www.ilsainc.com/services/surp...
ILSA is now ReSource Pro Compliance! To learn more about our end-to-end solutions for insurance licensing and compliance, surplus lines policy filings and tax reports, and corporate compliance visit us at www.ilsainc.com/services.
Email [email protected] to start your compliance conversation today.