December 21, 2018
Thank you for making 2018 a great year. We wish you all happy holidays!
IN THIS ISSUE:
Report Card Scores
Authorization Merry-Go-Round
Unlicensed Agents and Adjusters
Filing Checklist
PREMIUM ACTIVITY
Report Card Scores
The scores are in for the Insurer Report Card and we're proud to say congratulations on a job well done.
The following insurers scored the highest (A) in timeliness and accuracy, and did not have premium discrepencies. Congratulations!
AGENT ALLIANCE INSURANCE COMPANY
ALLIED WORLD SURPLUS LINES INSURANCE COMPANY
AMERICAN SAFETY INSURANCE COMPANY
AMERICAN WESTERN HOME INSURANCE COMPANY
AXIS SURPLUS INSURANCE COMPANY
EXECUTIVE RISK INSURANCE COMPANY
FIRST AMERICAN SPECIALTY INSURANCE COMPANY
FIRST MERCURY INSURANCE COMPANY
GREAT AMERICAN FIDELITY INSURANCE COMPANY
HOUSING SPECIALTY INSURANCE COMPANY, INC. d/b/a HSIC
INTERSTATE FIRE & CASUALTY COMPANY
MOUNT VERNON SPECIALTY INSURANCE COMPANY d/b/a Devon Park Specialty
NOETIC SPECIALTY INSURANCE COMPANY
NORCAL SPECIALTY INSURANCE COMPANY
NORTHFIELD INSURANCE COMPANY
PACIFIC INSURANCE COMPANY
PENN AMERICA INSURANCE COMPANY
PRINCETON EXCESS AND SURPLUS LINES INSURANCE COMPANY
RELIAMAX SURETY COMPANY
REPUBLIC-VANGUARD INSURANCE COMPANY
ROCKINGHAM CASUALTY COMPANY
SAGAMORE INSURANCE COMPANY
SCOTTSDALE INSURANCE COMPANY
If you have any questions on filing, rules, or procedures feel free to contact us anytime at 850-205-6671 or send an email to bbogner@fslso.com. We are here to serve you.
Authorization Merry-Go-Round
The following are recent updates on authorizations and name changes.
The following insurers recently changed NAIC numbers:
- Great Lakes Insurance SE re-domiciled and changed their NAIC number from AA-1120697 to AA-1340043.
- International Insurance Company of Hannover re-domiciled and changed their NAIC number from AA-1120822 to AA-1340041.
- Starstone Insurance SE re-domiciled and changed their NAIC number from AA-1120093 to AA-1490005.
Ategrity Specialty Insurance Company has been added to the federally authorized list.
Unlicensed Agents and Adjusters
Remember to conduct business with agents and adjusters that are propery licensed.
Many residents in the Florida panhandle were affected this year by Hurricane Michael. As insurers continue with their claims processes, it is important to make certain they are conducting business with agents and adjusters that are licensed in Florida.
The Florida Department of Financial Services (DFS) maintains an active list of all properly licensed surplus lines agents and adjusters. This listing can be located at https://licenseesearch.fldfs.com.
Please review this listing to ensure the individuals that you are actively doing business with are properly licensed.
Insurer Filing Checklist
The FSLSO has recently released a comprehensive checklist to assist insurers with their quarterly and annual premium filings.
Last quarter we highlighted our Batch filing process which is used by over 75% of surplus lines insurers to submit transactions to our office.
This quarter we would like to highlight the transaction effective date. Keep in mind when you are submitting data to our office the reporting period is actually one quarter behind.
For example, the second quarter ends on June 30; however, we are allowing insurers to submit premium from the first quarter (transactions effective from January 1 - March 31). Therefore, use transaction effective dates for your submissions that have effective dates within the reporting period.
It is also important to note premium totals that are submitted may not reflect an accurate amount for the reporting period. Transactions included either manually via SLIP or in a Batch file that need to be submitted for a prior reporting period will not be included in the reporting period's total premium amount.
If you would like information on how to set up a Batch filing account or would like to view important information required for your premium filings please visit fslso.com.
www.fslso.com
Have questions? Contact us at 800.562.4496, option 1 or email agent.services@fslso.com.
