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April 24, 2025
Q1 2025 Report
Data has been pulled, and numbers have been crunched. The Q1 2025 report is ready for review and available below!
In this report, you'll find:
- Premium Reporting Data
- Agent Activity
- Surplus Lines Automation Suite Content
- Education and Events Overview
- Communications and Product Engagement Information
2024 Annual FSLSO Report
As we continue to enjoy 2025, we must reflect on 2024, and the exciting work our team accomplished. The 2024 Annual Report is a culmination of expertise, hard work, and the satisfaction of serving our customers. We're excited to share this information and remain a trusted partner in the surplus lines market.
Renewing a Policy in SLIP+
If you haven't noticed, our SLIP+ platform got a new look!
While the same operations can be performed, their location had moved. All renewals and endorsements can now be filed by going to the Search and Manage Policies page. From there you can navigate like before and perform the necessary transactions.
If you have other questions or find yourself wondering about a topic, our SLIP+ Help Page is a great resource. There you can find up to date information, guides and processes to support you.
Invoice Payments Due May 15
First quarter 2025 invoice payments are due Thursday, May 15. Filing should be done in SLIP+.
Pay invoices:
Invoicing tab
Pay Invoices
Click here to view our accounting guide.
If you have any questions about invoices, please contact:
Accounting
accounting@fslso.com
800.562.4496, option 4.
Compliance Review, What to Expect,
How to Prepare?
The purpose of a Compliance Review is to ensure that surplus lines agents are following the statutory requirements relative to the sale of surplus lines insurance contracts.
- All licensed and appointed surplus lines agents, both resident and nonresident, may be subject to a compliance review at least once every three years.
- Each month 30 – 45 agents are selected for a Compliance Review.
- A notice of intent to review records is forwarded to each agent via email, 30 – 45 days in advance of an impending review.
- FSLSO randomly selects policies submitted by the agent. The list of selected policies is provided to the agent prior to the review.
- If an agent has been selected for a Desk Review, the supporting documentation for the selected policies should be uploaded in SLIP+ on the Document Requests page, located under the Compliance tab, for the Compliance Review Analyst to view.
- If the agent has been selected for an On-Site Review, the supporting documentation for the selected policies should be made available electronically or in hard copy at the agent’s office, on the agreed date. A desk/table, chair, telephone and power outlet are necessary for the Compliance Review Analyst to perform their duties on-site.
- Within thirty (30) days of the review, the surplus lines agent will receive a final report from FSLSO. The surplus lines agent may be required to submit a response/corrective action plan to address any non-compliance issues noted in the final report.
- To make this easier for you, we developed the Compliance Review Checklist. This list lays out everything we will check for during your review.
www.fslso.com
Have questions? Contact us at 800.562.4496, option 1 or email agent.services@fslso.com.
